Hodgkins, IL is a great place to live with an affordable cost of living. The average 2 bedroom rent in the city is $1,390 which is slightly lower than the US average of $1,430. Grocery costs are also quite reasonable with an index rating of 100 versus 100 in the US. This means that grocery costs are just as affordable in Hodgkins as they are across the country. \nFor those looking for employment opportunities in Hodgkins, there are several large companies such as Amazon, FedEx Ground and Walmart Distribution Center that provide plenty of job opportunities. Additionally, Hodgkins has many smaller businesses and entrepreneurs who help contribute to a thriving local economy. \nOverall, Hodgkins offers many advantages to its residents when it comes to cost of living with most expenses being equal or lower than the US average.
Hodgkins has an unemployment rate of 8.4%. The US average is 6.0%.
Hodgkins has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 25.8%, which is lower than the US average of 33.5%.
Tax Rates for Hodgkins
- The Sales Tax Rate for Hodgkins is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Hodgkins 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 Hodgkins
- The average income of a Hodgkins resident is $19,837 a year. The US average is $28,555 a year.
- The Median household income of a Hodgkins resident is $61,136 a year. The US average is $69,021 a year.