\nModesto, IL is a thriving city located in the heart of Illinois. With plenty of local shops, restaurants and other businesses, Modesto offers a vibrant atmosphere for its residents. The area is known for its affordable cost of living with 2 bedroom rent being $770 compared to the national average of $1,430. The Grocery Cost Index in Modesto is 91 compared to 100 in the US. There are plenty of local companies such as Modesto Coffee Roasters, which has been serving freshly roasted coffee since 2015, and Wild & Free Co-Op which specializes in eco-friendly products at an affordable price. Overall, Modesto proves that it's possible to live comfortably on a budget while still enjoying all that Illinois has to offer.
Modesto has an unemployment rate of 5.0%. The US average is 6.0%.
Modesto has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 30.4%, which is lower than the US average of 33.5%.
Tax Rates for Modesto
- The Sales Tax Rate for Modesto is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Modesto 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 Modesto
- The average income of a Modesto resident is $17,292 a year. The US average is $28,555 a year.
- The Median household income of a Modesto resident is $55,625 a year. The US average is $69,021 a year.