Waterman, IL is a small town in the Midwest that offers affordable living while still being close to larger cities. The average two-bedroom rent for Waterman is $990, compared to the US average of $1,430. Similarly, the Grocery Cost Index for Waterman is 97 versus the US national average of 100. While there aren't many large employers in Waterman itself, there are plenty of businesses and organizations nearby such as Caterpillar Inc., OSF Saint Francis Medical Center, and Loves Park Tax Group. Other local businesses include Country Financial Group, Willett Motorsports, and Gander Outdoors.
Waterman has an unemployment rate of 6.3%. The US average is 6.0%.
Waterman has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 30.7%, which is lower than the US average of 33.5%.
Tax Rates for Waterman
- The Sales Tax Rate for Waterman is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Waterman 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 Waterman
- The average income of a Waterman resident is $24,052 a year. The US average is $28,555 a year.
- The Median household income of a Waterman resident is $88,047 a year. The US average is $69,021 a year.