Ridott, IL is a nice suburb located just outside of Chicago. There are many local businesses that add to the charm of the town including restaurants, shops, and entertainment venues. The cost of living in Ridott is lower than most places; for example, two-bedroom rent can be found for $790 while it costs about $1,430 on average nationwide. Further, the Grocery Cost Index in Ridott is 91 compared to 100 in the US, making food items more affordable. All together this means that Ridott is a great place to live with an affordable cost of living compared to other areas.
Ridott has an unemployment rate of 6.4%. The US average is 6.0%.
Ridott has seen the job market increase by 2.1% 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 Ridott
- The Sales Tax Rate for Ridott is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Ridott 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 Ridott
- The average income of a Ridott resident is $19,670 a year. The US average is $28,555 a year.
- The Median household income of a Ridott resident is $48,750 a year. The US average is $69,021 a year.