Menard County, IL Economy


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Menard, IL County is a great place to live with plenty of local amenities. The average two-bedroom rent in the county is $910, significantly lower than the national average of $1,430. Additionally, the grocery cost index in Menard is 94 compared to 100 across the US. There are a wealth of local companies that residents can enjoy including L&M Grocery Store, The Family Book Store, and Sutherlands Home Improvement. All these businesses provide employment opportunities and services to the county's residents.

Menard County has an unemployment rate of 5.0%. The US average is 6.0%.

Menard County has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.

Tax Rates for Menard County
- The Sales Tax Rate for Menard County is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Menard 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 Menard County
- The average income of a Menard County resident is $29,391 a year. The US average is $28,555 a year.
- The Median household income of a Menard County resident is $79,743 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMenard, IllinoisUnited States
  56
  -7.6%-6.2%
  25.6%33.5%
  7.3%6.2%
  5.0%4.6%
  $39,054$37,638
  $79,743$69,021
  $94,087$85,028
  Population by Occupation
  4.7%1.2%
  1.5%0.5%
  6.4%6.8%
  3.6%10.0%
  2.6%2.5%
  10.4%11.0%
  5.1%4.8%
  1.5%0.8%
  1.2%1.9%
  6.1%4.7%
  0.9%1.9%
  3.4%7.6%
  0.1%0.1%
  2.9%4.2%
  9.8%9.3%
  16.9%14.0%
  1.0%2.1%
  4.2%7.0%
  6.2%4.8%
  11.6%4.7%
Health