Merrionette Park, IL is a suburban town located just outside of Chicago. The small village has a population of 4,822 people and offers affordable housing with the average two bedroom rent being $1,190. It is also known for its low cost of living in comparison to other cities in the US with its Grocery Cost Index rating being 95 versus 100 for the US. Merrionette Park is home to various local businesses such as Green Garden Family Restaurant, Community Bank and Trust, Mary's Place Clothing Store and Kenny's Automotive Repair. The unemployment rate for the city is under 2%, one of the lowest in Illinois showing that it is prosperous area for many residents.
Merrionette Park has an unemployment rate of 8.4%. The US average is 6.0%.
Merrionette Park has seen the job market decrease by -9.4% 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 Merrionette Park
- The Sales Tax Rate for Merrionette Park is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Merrionette Park 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 Merrionette Park
- The average income of a Merrionette Park resident is $34,409 a year. The US average is $37,638 a year.
- The Median household income of a Merrionette Park resident is $45,100 a year. The US average is $69,021 a year.