Tampico, IL is a small city in northern Illinois located near the Rock River. It is known for its diverse culture and strong sense of community. The cost of living is lower than most US cities, with an average two bedroom rent at only $890 compared to $1,430 nationally. The grocery cost index in Tampico is also 92 versus 100 nationally making it more affordable for families. \nLocal companies operating in Tampico include Johnson Manufacturing Co., North Central Co-op Grain Corp., and Agland Farm Center Inc. Tourist attractions in town include the historic Main Street Theatre, Art on the Square Gallery & Studio and the Rock River Thresheree Museum. For outdoor activities there are several parks including the Veterans Memorial Park with tennis courts, playgrounds and a fishing pond.
Tampico has an unemployment rate of 5.4%. The US average is 6.0%.
Tampico has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for Tampico
- The Sales Tax Rate for Tampico is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Tampico 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 Tampico
- The average income of a Tampico resident is $19,314 a year. The US average is $28,555 a year.
- The Median household income of a Tampico resident is $52,708 a year. The US average is $69,021 a year.