New Grand Chain, IL is a vibrant city with plenty of attractions for visitors and locals alike. It is home to a variety of local businesses, including shops, restaurants, and service providers. The cost of living in New Grand Chain is relatively low, with two-bedroom rent being around $650 per month compared to the U.S. average of $1,430 per month. Groceries are also relatively affordable with a grocery cost index lower than the national average at 93.
Some well-known companies located in New Grand Chain include Big B's Bakery & Cafe, M&A Automotive Repair Shop, and Anderson Flooring Services. There are also many delicious eateries such as La Roca Mexican Restaurant and Seachange Seafood Grill for those looking for something special to eat. Other popular attractions in town include the Libertyville State Park which offers camping and hiking trails as well as the New Grand Chain Public Library's library which provides educational programs for all ages.
New Grand Chain has an unemployment rate of 10.3%. The US average is 6.0%.
New Grand Chain has seen the job market increase by 4.8% over the last year. Future job growth over the next ten years is predicted to be 32.0%, which is lower than the US average of 33.5%.
Tax Rates for New Grand Chain
- The Sales Tax Rate for New Grand Chain is 6.3%. The US average is 7.3%.
- The Income Tax Rate for New Grand Chain 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 New Grand Chain
- The average income of a New Grand Chain resident is $19,338 a year. The US average is $28,555 a year.
- The Median household income of a New Grand Chain resident is $26,806 a year. The US average is $69,021 a year.