Coles County, IL Economy


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Coles County, IL is located in the heartland of America. It is home to a variety of industries that employ many local residents and offer great career opportunities. The county also offers a low cost of living, with 2 bedroom rents averaging $810 compared to the U.S. average of $1,430. Grocery costs are even more affordable, with an index score of 93 compared to 100 in the U.S.. Local companies in Coles County include Eastern Illinois University, Simmons Industries, and Illinois Central Railroad Company among many others. With a lower than average cost of living and plenty of local employment opportunities, Coles County makes for an attractive place to call home.

Coles County has an unemployment rate of 5.6%. The US average is 6.0%.

Coles County has seen the job market decrease by -6.7% over the last year. Future job growth over the next ten years is predicted to be 33.3%, which is lower than the US average of 33.5%.

Tax Rates for Coles County
- The Sales Tax Rate for Coles County is 7.7%. The US average is 7.3%.
- The Income Tax Rate for Coles County 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 Coles County
- The average income of a Coles County resident is $30,804 a year. The US average is $37,638 a year.
- The Median household income of a Coles County resident is $48,534 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyColes, IllinoisUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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