McDonough, IL County is a great place to live and work. The two bedroom rent in the county is much cheaper than the US average at $790 compared to $1,430, making it an ideal location for someone looking for more affordable housing options. The grocery cost index in McDonough is 91/100 versus the US average which makes it even more attractive for people with a budget. Not only is McDonough well-known for its affordability but also has many local companies and attractions that make it worth visiting. Local businesses include Hinkle's Grocery Store & Deli, C&J Dairy Farm, and Midland Seeds & Supply Co. For those interested in outdoor activities, the area features several parks such as Oakwood Park and Memorial Garden of McDonough County where visitors can enjoy various sports or take relaxing strolls. Additionally, there are plenty of nearby historical sites and museums such as the Apollo Theater and the Old Town Hall Museum that offer insight into the county’s rich history.
McDonough County has an unemployment rate of 5.3%. The US average is 6.0%.
McDonough County has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 16.6%, which is lower than the US average of 33.5%.
Tax Rates for McDonough County
- The Sales Tax Rate for McDonough County is 8.7%. The US average is 7.3%.
- The Income Tax Rate for McDonough 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 McDonough County
- The average income of a McDonough County resident is $20,592 a year. The US average is $28,555 a year.
- The Median household income of a McDonough County resident is $45,704 a year. The US average is $69,021 a year.