Montgomery, IL is a great place to live with many local businesses and attractions. Local companies include Edward-Elmhurst Health, Montgomery Auto Supply and Contempo Salon. Some popular attractions include the Montgomery Historical Society Museum, the Brunswick Zone XL Bowling Alley, and the Cinemark Tinseltown movie theater. The cost of living in Montgomery is in line with the US average, with 2 bedroom rent averaging $1,470 compared to the US average of $1,430. Grocery Cost Index is 98 versus 100 in the US. All in all, Montgomery is an affordable place to live that offers a variety of amenities for its residents.
Montgomery has an unemployment rate of 5.8%. The US average is 6.0%.
Montgomery 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 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Montgomery
- The Sales Tax Rate for Montgomery is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Montgomery 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 Montgomery
- The average income of a Montgomery resident is $26,106 a year. The US average is $28,555 a year.
- The Median household income of a Montgomery resident is $100,911 a year. The US average is $69,021 a year.