Rockwood, IL is a small town situated in Will County. The median 2 bedroom rent in Rockwood is $770 which is significantly lower than the US average 2 bedroom rent of $1,430. This makes it a more affordable option compared to other towns. Additionally, the Grocery Cost Index in Rockwood is 93 versus 100 nationally. Local companies include Home Services of Will County, Rockwood Plumbing & Heating Inc., and Olde World Bakery & Deli. There are plenty of leisure activities available to residents of Rockwood such as hiking at Apple Orchard Park or golfing at Green Garden Country Club. Furthermore, local events like the Rockwood Fest bring neighbours together for fun activities and entertainment each year.
Rockwood has an unemployment rate of 4.4%. The US average is 6.0%.
Rockwood has seen the job market decrease by -7.7% over the last year. Future job growth over the next ten years is predicted to be 25.7%, which is lower than the US average of 33.5%.
Tax Rates for Rockwood
- The Sales Tax Rate for Rockwood is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Rockwood 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 Rockwood
- The average income of a Rockwood resident is $36,121 a year. The US average is $37,638 a year.
- The Median household income of a Rockwood resident is $58,750 a year. The US average is $69,021 a year.