Timber, Illinois 

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Economy in Timber, Illinois

Timber has an unemployment rate of 5.0%. The US average is 3.7%.

Timber has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 17.6%, which is lower than the US average of 33.5%.

Tax Rates for Timber
- The Sales Tax Rate for Timber is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Timber 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 Timber
- The average income of a Timber resident is $25,297 a year. The US average is $28,555 a year.
- The Median household income of a Timber resident is $55,132 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYTimber, IllinoisUnited States
  5.0%3.7%
  1.5%1.6%
  17.6%33.5%
  7.3%6.2%
  5.0%4.6%
  $28,397$31,177
  $58,657$57,652
  $64,024$70,850
  POPULATION BY OCCUPATION
  3.0%1.3%
  0.0%0.6%
  9.3%6.2%
  22.1%10.4%
  2.8%2.7%
  9.4%11.6%
  5.1%4.1%
  0.1%0.9%
  3.5%2.1%
  3.6%4.7%
Real estate, rental, leasing0.0%1.9%
ECONOMY MAP
  • Unemployment Rate (US Avg: 5.2%)
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    MAPS OF TIMBER, ILLINOIS
    ZIP CODES IN TIMBER, ILLINOIS
    61533


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