Macedonia, IL is an excellent place to call home. Located just outside of Chicago, it has a close-knit community and a low cost of living. The average 2 bedroom rent in Macedonia, IL is $760, substantially lower than the national average at $1,430. Additionally, the Grocery Cost Index is 92 as opposed to the national index of 100, making groceries more affordable. There are many local businesses that make Macedonia a unique place to live; some of these include local restaurants such as Mediterranean Grill and Pizza Perfection, health care centers like Dr. Gaea’s Family Medicine Center and Smith Veterinary Hospital, plus shopping outlets like Greener Earth Market and Super Discount Store. All in all, Macedonia offers a great lifestyle with plenty of amenities at a fraction of the price when compared to larger cities.
Macedonia has an unemployment rate of 7.2%. The US average is 6.0%.
Macedonia has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 27.5%, which is lower than the US average of 33.5%.
Tax Rates for Macedonia
- The Sales Tax Rate for Macedonia is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Macedonia 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 Macedonia
- The average income of a Macedonia resident is $17,071 a year. The US average is $28,555 a year.
- The Median household income of a Macedonia resident is $26,250 a year. The US average is $69,021 a year.