Irving, IL Economy


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United States / Illinois / No Metro Area / Montgomery County / Irving / Zip Codes
Irving, IL is a small town located in the Midwest. It is known for its affordable living costs with a two-bedroom rent at only $720 compared to the US average of $1,430. Additionally, groceries are relatively inexpensive as well with the cost index being 92 compared to 100 in the US. Irving, IL offers plenty of activities for locals and visitors alike. There are various local businesses such as Irving Nutrition and Irving Automotive Repair that provide essential services to residents and tourists alike. Additionally, there are many tourist attractions such as Parrott Park which features beach volleyball courts as well as Pettigrew’s Mini Golf & Batting Cages. Whether visiting or living in Irving, IL there is something for everyone!

Irving has an unemployment rate of 6.4%. The US average is 6.0%.

Irving has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 26.7%, which is lower than the US average of 33.5%.

Tax Rates for Irving
- The Sales Tax Rate for Irving is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Irving 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 Irving
- The average income of a Irving resident is $12,857 a year. The US average is $28,555 a year.
- The Median household income of a Irving resident is $29,063 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyIrving, IllinoisUnited States
  6.46
  -6.6%-6.2%
  26.7%33.5%
  7.3%6.2%
  5.0%4.6%
  $17,998$37,638
  $29,063$69,021
  $52,083$85,028
  Population by Occupation
  1.8%1.2%
  1.8%0.5%
  6.4%6.8%
  14.7%10.0%
  0.9%2.5%
  14.7%11.0%
  3.7%4.8%
  0.0%0.8%
  0.0%1.9%
  0.9%4.7%
  0.0%1.9%
  1.8%7.6%
  0.0%0.1%
  3.7%4.2%
  10.1%9.3%
  35.8%14.0%
  0.0%2.1%
  0.9%7.0%
  0.0%4.8%
  2.8%4.7%
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