Homer, IL is a wonderful small town located in the far north of Illinois. It has a population of fewer than 3,000 people and boasts plenty of local businesses that contribute to both the economy and the community. Among them are Johnson’s Grocery Store, which offers some of the best prices in the area for groceries, and Ilkem Auto Parts, which provides quality auto parts across the region. The cost of living in Homer is very affordable compared to other places in Illinois as demonstrated by its rental costs for 2 bedrooms being $880 (compared to $1,430 nationally) and its Grocery Cost Index being 94 (versus 100 in the US). All these factors make Homer an ideal place to live and work.
Homer has an unemployment rate of 5.0%. The US average is 6.0%.
Homer 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 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Homer
- The Sales Tax Rate for Homer is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Homer 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 Homer
- The average income of a Homer resident is $25,208 a year. The US average is $28,555 a year.
- The Median household income of a Homer resident is $62,446 a year. The US average is $69,021 a year.