Steger, IL Economy


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Steger, IL is a small city located in Will County. It has a population of around 8,000 residents and features a suburban lifestyle with easy access to Chicago. The cost of living in Steger is relatively low compared to other US cities with the average rent for a two bedroom apartment being $1,170 compared to the national average of $1,430. Additionally, the Grocery Cost Index in Steger is 92 versus 100 for the rest of the US. \nLocal companies that operate within Steger are D & K Contractors Inc., Midwest Finishing Corporation, and Roach Manufacturing Company Inc. All three companies provide excellent job opportunities and offer competitive wages with benefits for their employees. The cost of living in Steger makes it an ideal place to live and work with groceries and housing costing significantly less than most places in the United States.

Steger has an unemployment rate of 7.1%. The US average is 6.0%.

Steger has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 27.9%, which is lower than the US average of 33.5%.

Tax Rates for Steger
- The Sales Tax Rate for Steger is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Steger 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 Steger
- The average income of a Steger resident is $22,375 a year. The US average is $28,555 a year.
- The Median household income of a Steger resident is $53,427 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySteger, IllinoisUnited States
  7.16
  -9.5%-6.2%
  27.9%33.5%
  7.0%6.2%
  5.0%4.6%
  $27,204$37,638
  $53,427$69,021
  $70,243$85,028
  Population by Occupation
  1.1%1.2%
  0.0%0.5%
  9.7%6.8%
  12.9%10.0%
  3.1%2.5%
  12.7%11.0%
  9.1%4.8%
  0.6%0.8%
  1.7%1.9%
  3.6%4.7%
  0.8%1.9%
  4.7%7.6%
  0.0%0.1%
  5.3%4.2%
  7.5%9.3%
  11.8%14.0%
  4.1%2.1%
  5.7%7.0%
  2.2%4.8%
  3.6%4.7%
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