Ingalls Park, IL Economy


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Ingalls Park, IL is a great place to live for those looking for an affordable lifestyle. The average 2 bedroom rent in Ingalls Park is $1,270, compared to the US average of $1,430; making it an attractive option for renters. Additionally, the Grocery Cost Index in Ingalls Park is 94 versus 100 in the US; making groceries relatively inexpensive. \nThe town of Ingalls Park offers a variety of local companies including National Express Bus Company, Midwest Packaging Solutions LLC., and MDR Products Inc. National Express provides reliable transportation with bus service options throughout Illinois and other states. Midwest Packaging Solutions produces paper board products used by many businesses while MDR Products Inc manufactures protective cases for electronics. \nOverall, when comparing Ingalls Park to the rest of the United States, it is clear that this small town offers an appealing lifestyle with lower costs of living and access to a wide range of services from local businesses.

Ingalls Park has an unemployment rate of 7.1%. The US average is 6.0%.

Ingalls Park 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 27.9%, which is lower than the US average of 33.5%.

Tax Rates for Ingalls Park
- The Sales Tax Rate for Ingalls Park is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Ingalls Park 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 Ingalls Park
- The average income of a Ingalls Park resident is $19,901 a year. The US average is $28,555 a year.
- The Median household income of a Ingalls Park resident is $51,111 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyIngalls Park, IllinoisUnited States
  7.16
  -9.5%-6.2%
  27.9%33.5%
  7.0%6.2%
  5.0%4.6%
  $24,521$37,638
  $51,111$69,021
  $71,357$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  3.1%6.8%
  21.8%10.0%
  0.9%2.5%
  10.9%11.0%
  6.2%4.8%
  0.0%0.8%
  2.6%1.9%
  1.5%4.7%
  2.7%1.9%
  7.1%7.6%
  0.0%0.1%
  11.5%4.2%
  1.1%9.3%
  15.9%14.0%
  2.2%2.1%
  3.4%7.0%
  5.2%4.8%
  3.9%4.7%
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