Mercer, IL County is located in the northwest corner of Illinois and is known for its natural beauty and affordability. The cost of living is significantly lower than the U.S. average, with a two bedroom rent of only $910 compared to the nationwide average of $1,430. In addition, Mercer’s Grocery Cost Index of 93 is 7 points lower than the national number of 100. This lower cost of living makes Mercer an attractive option for those looking to relocate while still having access to some great local businesses and attractions. Key employers in the area include Nestle, Cargill, and PACCAR Engine Company, while top attractions include Long Point State Park, Starved Rock State Park, and White Pines Golf Course.
Mercer County has an unemployment rate of 6.4%. The US average is 6.0%.
Mercer County has seen the job market decrease by -8.0% over the last year. Future job growth over the next ten years is predicted to be 26.1%, which is lower than the US average of 33.5%.
Tax Rates for Mercer County
- The Sales Tax Rate for Mercer County is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Mercer 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 Mercer County
- The average income of a Mercer County resident is $30,778 a year. The US average is $37,638 a year.
- The Median household income of a Mercer County resident is $59,972 a year. The US average is $69,021 a year.