Standard, IL is a small town outside of Chicago with an estimated population of 300. It has a vibrant community with a bustling downtown area full of local businesses and attractions. Popular companies in the area include Standard Lumber Supply, Standard Auto Parts, and Standard Masonry Co. Attractions in the area include the Walkin' Country Music Festival, The Old School Museum, and Alton Lake State Park. With affordable rent prices at $690 for two bedroom apartments and a grocery cost index at 92 compared to the US average of 100, it's no wonder why Standard is becoming such a popular place to live.
Standard has an unemployment rate of 6.2%. The US average is 6.0%.
Standard has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 25.3%, which is lower than the US average of 33.5%.
Tax Rates for Standard
- The Sales Tax Rate for Standard is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Standard 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 Standard
- The average income of a Standard resident is $26,407 a year. The US average is $28,555 a year.
- The Median household income of a Standard resident is $42,344 a year. The US average is $69,021 a year.