equestId":"e4f6bb57-debf-4306-a683-347cc50007f1","resource":"content","data":[{"id":"txt_11b3c33fa9e44427b98475ac20075824","text":", how does it compare to the US.\n \nHopewell, IL is a small town located in western Illinois. It has a low cost of living, with two bedroom rents at $790 compared to $1,430 nationwide. Grocery costs are also lower in Hopewell than the US average, with an index of 95 versus 100 in the US. While Hopewell is a relatively small town, it has a few local companies that are making waves in their industry. These include Hopkins Tool Company and C&L Chocolates. Both businesses have been recognized nationally for their quality products and services. When comparing Hopewell to the US as a whole, it offers an affordable cost of living while still providing unique opportunities for businesses to grow and succeed.
Hopewell has an unemployment rate of 6.9%. The US average is 6.0%.
Hopewell has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 19.0%, which is lower than the US average of 33.5%.
Tax Rates for Hopewell
- The Sales Tax Rate for Hopewell is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Hopewell 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 Hopewell
- The average income of a Hopewell resident is $37,100 a year. The US average is $28,555 a year.
- The Median household income of a Hopewell resident is $91,250 a year. The US average is $69,021 a year.