Mount Carroll, IL is a small town located in the northwest corner of Illinois. It has a population of 1,841 people and is part of the Carroll County region. The median price for a two bedroom rental in Mount Carroll is $780, which is much lower than the US median of $1,430. The cost of groceries in Mount Carroll is also relatively low compared to the nation as a whole with an index score of 92 versus 100 in the US. \nLocal companies in Mount Carroll include Flagg Township Public Library, Mac's Place Pub & Grub LLC and Cowan Realty LLC. There are also some local stores such as Ms Marvelous Crafts and More, Wally's Home Supply and Hauser Hardware & Rental Inc. All these businesses contribute to the local economy and provide employment opportunities for residents of Mount Carroll.
Mount Carroll has an unemployment rate of 5.7%. The US average is 6.0%.
Mount Carroll has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 16.4%, which is lower than the US average of 33.5%.
Tax Rates for Mount Carroll
- The Sales Tax Rate for Mount Carroll is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Mount Carroll 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 Mount Carroll
- The average income of a Mount Carroll resident is $26,207 a year. The US average is $28,555 a year.
- The Median household income of a Mount Carroll resident is $59,107 a year. The US average is $69,021 a year.