Montgomery, IL County is an excellent and affordable place to live, with a 2 bedroom rent of just $770 compared to the US rate of $1,430. It has a wide variety of local amenities, such as grocery stores like Walmart , Aldi and Food4Less that all offer competitive prices due to the county's Grocery Cost Index being 92 versus the US average of 100. The area also contains discount stores like Target, Lowe's Home Improvement, Bed Bath & Beyond and Marshalls, so there are plenty of places to shop for home goods and other items at discounted rates. There are also a range of restaurants in the area including Applebee's, Olive Garden, Red Lobster and Burger King. Montgomery County is also home to numerous schools, parks and recreational activities such as golf courses, swimming pools and a public library. All these services make Montgomery County an accessible and affordable place to live that offers many opportunities for recreation.
Montgomery County has an unemployment rate of 6.4%. The US average is 6.0%.
Montgomery County has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 26.7%, which is lower than the US average of 33.5%.
Tax Rates for Montgomery County
- The Sales Tax Rate for Montgomery County is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Montgomery 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 Montgomery County
- The average income of a Montgomery County resident is $20,067 a year. The US average is $28,555 a year.
- The Median household income of a Montgomery County resident is $59,309 a year. The US average is $69,021 a year.