Washington Park, IL is a vibrant and diverse community located in the southwest corner of the state. Residents have access to many amenities, including restaurants, retail stores, entertainment venues, and parks. The cost of living in Washington Park is far below the national average; two bedroom apartments rent for around $890 per month while a similar apartment in the US will cost nearly double at $1430. Additionally, prices for groceries are lower than the US average index score of 100; the grocery cost index in Washington Park is 90. Popular companies with local branches include Walmart, Bank of America, and Pizza Hut.
Washington Park has an unemployment rate of 6.7%. The US average is 6.0%.
Washington Park has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Washington Park
- The Sales Tax Rate for Washington Park is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Washington 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 Washington Park
- The average income of a Washington Park resident is $10,639 a year. The US average is $28,555 a year.
- The Median household income of a Washington Park resident is $26,928 a year. The US average is $69,021 a year.