Paw Paw, IL Economy


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Paw Paw, IL is a small town located in Lee County with a population of 1,500 people. The cost of living in Paw Paw is relatively low compared to the US as a whole; the median 2 bedroom rent is $1,090 compared to $1,430 nationally, and the grocery cost index is 96 versus 100 throughout the US. Locals can purchase items from local businesses such as Tru Value Hardware which offers home goods at affordable prices or The Pantry which has a variety of food items at reasonable costs. For those looking to stay active there's CrossFit 815 where memberships are available for only $50/month. Furthermore, dining options are plentiful and examples include Sabella's Italian Kitchen for delicious pizzas starting at only $10 or J & L Soul Food Restaurant which serves classic Southern dishes including fried chicken, macaroni & cheese and more.

Paw Paw has an unemployment rate of 5.2%. The US average is 6.0%.

Paw Paw has seen the job market decrease by -5.9% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.

Tax Rates for Paw Paw
- The Sales Tax Rate for Paw Paw is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Paw Paw 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 Paw Paw
- The average income of a Paw Paw resident is $26,857 a year. The US average is $37,638 a year.
- The Median household income of a Paw Paw resident is $52,466 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPaw Paw, IllinoisUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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