Mahomet, IL is a small town located near Champaign County. This charming area has a population of around 8,400 people and offers a range of shopping and dining amenities. It is also known for its low living costs, with two-bedroom rental prices averaging only $1,180 per month - significantly lower than the average rent in the United States. The grocery cost index in Mahomet is also below the national average, making it an affordable place to live for many families. Local businesses include George's Liquors, S & J Jewelers, Cake & Loaf Bakery and Country Financial - all providing quality services to residents of the area. There are also several grocery stores including Martens Grocery Store and Hillside Foods for those seeking fresh produce or other items. All in all, Mahomet makes for an affordable and convenient place to live with numerous amenities available close by.
Mahomet has an unemployment rate of 5.0%. The US average is 6.0%.
Mahomet has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Mahomet
- The Sales Tax Rate for Mahomet is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Mahomet 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 Mahomet
- The average income of a Mahomet resident is $37,283 a year. The US average is $28,555 a year.
- The Median household income of a Mahomet resident is $122,386 a year. The US average is $69,021 a year.