Jerome, IL is an attractive place to live due to its affordable cost of living. The average rent for a 2 bedroom apartment in Jerome is $910 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Jerome is 94 versus 100 in the US, making groceries more affordable than most places in America. There are various local companies within Jerome such as Pizza Villa, Valley View Winery & Brew House and B&W Plumbing. With an affordable cost of living and many nearby businesses, Jerome is a great place for people looking for a quiet life outside of cities like Chicago.
Jerome has an unemployment rate of 6.3%. The US average is 6.0%.
Jerome has seen the job market decrease by -7.4% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.
Tax Rates for Jerome
- The Sales Tax Rate for Jerome is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Jerome 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 Jerome
- The average income of a Jerome resident is $30,789 a year. The US average is $37,638 a year.
- The Median household income of a Jerome resident is $52,422 a year. The US average is $69,021 a year.