Hometown, IL is a great place to live and work. It has some of the most affordable rent in the area, with average 2 bedroom rent costing only $1,390 compared to the US average of $1,430. In addition to being affordable, Hometown also offers a variety of different businesses such as Bank of America, Walmart Supercenter and Wells Fargo Bank. There are also many local landmarks for visitors or residents to explore such as the Chicago Botanic Garden or Ravinia Festival Park. With its low rent costs and wide selection of businesses and landmarks, Hometown is an ideal place for both locals and visitors alike.
Hometown has an unemployment rate of 8.4%. The US average is 6.0%.
Hometown 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 Hometown
- The Sales Tax Rate for Hometown is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Hometown 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 Hometown
- The average income of a Hometown resident is $23,917 a year. The US average is $28,555 a year.
- The Median household income of a Hometown resident is $52,639 a year. The US average is $69,021 a year.