Hanover, IL is a small town located in Jo Daviess County. The average 2 bedroom rent in Hanover is $780 per month which is comparitively lower than the US average of $1,430. Additionally, the Grocery Cost Index in Hanover is 93 versus 100 in the US on average. This town offers a great quality of life for those looking to escape busy cities and high costs of living. Local businesses in Hanover include The Feed Store, Woods & Sons Lumber Company, and Kilgore Family Farms. With its low rent prices and grocery costs it's no wonder many are choosing to call Hanover home.
Hanover has an unemployment rate of 6.1%. The US average is 6.0%.
Hanover has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 18.9%, which is lower than the US average of 33.5%.
Tax Rates for Hanover
- The Sales Tax Rate for Hanover is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Hanover is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hanover
- The average income of a Hanover resident is $25,562 a year. The US average is $28,555 a year.
- The Median household income of a Hanover resident is $46,333 a year. The US average is $69,021 a year.