McCook, IL is a small city located in the northern part of Illinois with an estimated population around 12,000. It has access to major highways, making it convenient for residents to get to their work or school in nearby cities. The city is home to several businesses including McCook National Bank, BNSF Railway, and Remgro Inc. With regards to the cost of living in McCook, IL rent for two bedrooms is slightly lower than the national average at $1,390 while the Grocery Cost Index is on par with what it costs throughout the United States. This makes McCook a great place to live and work while saving on living expenses.
McCook has an unemployment rate of 8.4%. The US average is 6.0%.
McCook 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 25.8%, which is lower than the US average of 33.5%.
Tax Rates for McCook
- The Sales Tax Rate for McCook is 10.3%. The US average is 7.3%.
- The Income Tax Rate for McCook 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 McCook
- The average income of a McCook resident is $22,766 a year. The US average is $28,555 a year.
- The Median household income of a McCook resident is $68,750 a year. The US average is $69,021 a year.