Hinckley, IL is a small town with a population of around 2,000 people. It offers residents an affordable cost of living, making it a great place to live and work. Rent for two bedroom houses in Hinckley averages $1,190 per month which is lower than the US average of $1,430 for the same size rental. The grocery cost index in Hinckley is also lower than the national average at 100 versus 100 in the US, allowing families to save money on their groceries each month. There are several local businesses that operate within Hinckley including Woodman’s Markets, Old Dominion Freight Line, Inc., and Simonson Lumber Company. All three companies offer essential services and goods to both residents and visitors alike.
Hinckley has an unemployment rate of 6.3%. The US average is 6.0%.
Hinckley has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 30.7%, which is lower than the US average of 33.5%.
Tax Rates for Hinckley
- The Sales Tax Rate for Hinckley is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Hinckley 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 Hinckley
- The average income of a Hinckley resident is $31,192 a year. The US average is $28,555 a year.
- The Median household income of a Hinckley resident is $75,500 a year. The US average is $69,021 a year.