Hartford, IL Economy


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Hartford, IL is a small town with a population size of around 1,457 people. Rent for a 2 bedroom apartment in Hartford is $970 which is much lower than the national average of $1,430. The cost of groceries in Hartford is also significantly lower than the national average with an index score of 90 compared to 100 in the US. Hartford has plenty of local businesses that provide employment opportunities including K&J Automotive, Pete's Garage, and Reed's Hay Farm. These businesses are part of what makes Hartford so unique and offer services that help meet the needs of its citizens.

Hartford has an unemployment rate of 5.4%. The US average is 6.0%.

Hartford has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 31.5%, which is lower than the US average of 33.5%.

Tax Rates for Hartford
- The Sales Tax Rate for Hartford is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Hartford 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 Hartford
- The average income of a Hartford resident is $21,900 a year. The US average is $28,555 a year.
- The Median household income of a Hartford resident is $36,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHartford, IllinoisUnited States
  5.46
  -6.8%-6.2%
  31.5%33.5%
  6.9%6.2%
  5.0%4.6%
  $22,742$37,638
  $36,250$69,021
  $45,714$85,028
  Population by Occupation
  1.8%1.2%
  0.0%0.5%
  6.4%6.8%
  6.4%10.0%
  3.1%2.5%
  10.9%11.0%
  9.5%4.8%
  1.2%0.8%
  0.8%1.9%
  0.2%4.7%
  2.6%1.9%
  2.0%7.6%
  0.0%0.1%
  9.2%4.2%
  8.9%9.3%
  20.9%14.0%
  0.0%2.1%
  8.7%7.0%
  5.5%4.8%
  1.8%4.7%
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