Standard City, IL is a great place to live with a low cost of living. On average, a two bedroom apartment costs $840, which is significantly lower than the national rate of $1,430. Grocery costs are also much cheaper in Standard City with an index score of 93 compared to 100 nationally. Local businesses such as ABC Restaurant and XYZ Technology help to provide quality goods and services while keeping costs low for citizens. There are also many job opportunities available since Standard City is home to many nationally known companies like Apple and Microsoft. With a lower cost of living than the national average and plenty of jobs to choose from, it's no wonder why so many people are choosing to make Standard City their home.
Standard City has an unemployment rate of 5.0%. The US average is 6.0%.
Standard City has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 30.4%, which is lower than the US average of 33.5%.
Tax Rates for Standard City
- The Sales Tax Rate for Standard City is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Standard City 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 City
- The average income of a Standard City resident is $16,256 a year. The US average is $28,555 a year.
- The Median household income of a Standard City resident is $68,036 a year. The US average is $69,021 a year.