Hancock, IL County is an ideal area for those looking for an affordable place to call home. With two bedroom rents coming in at just $770 a month and the Grocery Cost Index at 92 compared to 100 in the US, it's easy to see why. The cost of living in Hancock is significantly lower than many other places around the country. The county also offers plenty of local amenities such as businesses like Hancock County Bank, Hancock YMCA, and McComb Computer Center. With all these benefits, it's no wonder why so many people choose to call Hancock home.
Hancock County has an unemployment rate of 5.3%. The US average is 6.0%.
Hancock County has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 17.2%, which is lower than the US average of 33.5%.
Tax Rates for Hancock County
- The Sales Tax Rate for Hancock County is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Hancock 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 Hancock County
- The average income of a Hancock County resident is $32,436 a year. The US average is $37,638 a year.
- The Median household income of a Hancock County resident is $58,188 a year. The US average is $69,021 a year.