Wilmington, IL is a small town located in Will County with a population of around 5,000 people. It is known for its strong sense of community and low cost of living. The average two bedroom rent in Wilmington, IL is $1,110 whereas the US average is $1,430. Additionally, the Grocery Cost Index in Wilmington is 95 versus 100 in the US - making groceries more affordable than other parts of the country.
The town has many local establishments where one can shop or dine including Pantry Cafe & Bakery, No Limit Cuts & Barbershop and Bellevue Lanes Bowling Alley. There are also several retailers such as Michaels Craft Store, Walmart Supercenter and Dollar Tree that make it easy to find what you need at an affordable price. With its relatively low cost of living, Wilmington is an ideal place for budget-conscious individuals looking to live comfortably without breaking the bank.
Wilmington has an unemployment rate of 7.1%. The US average is 6.0%.
Wilmington 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 27.9%, which is lower than the US average of 33.5%.
Tax Rates for Wilmington
- The Sales Tax Rate for Wilmington is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Wilmington 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 Wilmington
- The average income of a Wilmington resident is $26,598 a year. The US average is $28,555 a year.
- The Median household income of a Wilmington resident is $57,679 a year. The US average is $69,021 a year.