Hillsdale, IL is a charming small town located near the Mississippi River. The community offers many local businesses such as Allens Carpet One Floor & Home, Parkview Dental Care, and Hillstown Motors. The cost of living in this area is very affordable with two bedroom rent averaging $830 compared to the US average of $1,430. Additionally, Hillsdale's Grocery Cost Index is 94 versus 100 in the US making it even more appealing for those looking for an affordable place to live. This affordability is likely due to the peaceful rural atmosphere that Hillsdale provides its citizens; its close proximity to farms and nature preserves providing an idyllic backdrop that many find attractive.
Hillsdale has an unemployment rate of 6.6%. The US average is 6.0%.
Hillsdale has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 26.4%, which is lower than the US average of 33.5%.
Tax Rates for Hillsdale
- The Sales Tax Rate for Hillsdale is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Hillsdale 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 Hillsdale
- The average income of a Hillsdale resident is $20,858 a year. The US average is $28,555 a year.
- The Median household income of a Hillsdale resident is $73,750 a year. The US average is $69,021 a year.