Stone Park, IL is a small suburb located in Cook County. Its population is around 4,000 people and it is known for its affordable housing. The average rent for a two bedroom apartment is $1,280 while the US average is $1,430; making it an attractive place to live for those on a budget. There are also many local businesses that call Stone Park home such as Meyers Grocery Store and Pals Diner which offer quality goods and services at competitive prices. The grocery cost index in Stone Park is 95 versus 100 in the US giving residents added savings when purchasing food items. While the cost of living can be lower than other nearby suburbs, this comes with some trade-offs such as limited access to public transportation or certain amenities such as malls or entertainment venues. However for those looking for a quiet place to settle down with low costs of living, Stone Park could be an attractive option.
Stone Park has an unemployment rate of 8.4%. The US average is 6.0%.
Stone Park 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 25.8%, which is lower than the US average of 33.5%.
Tax Rates for Stone Park
- The Sales Tax Rate for Stone Park is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Stone Park 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 Stone Park
- The average income of a Stone Park resident is $13,718 a year. The US average is $28,555 a year.
- The Median household income of a Stone Park resident is $68,268 a year. The US average is $69,021 a year.