Stephenson, IL County is a great place to call home. The cost of living is relatively low, with 2 bedroom rental prices at $770 compared to the US average of $1,430. This makes it an attractive option for those looking to save some money while still getting the amenities they need. The Grocery Cost Index in Stephenson is 91 which is also lower than the national average of 100, making groceries another great way to save money here. There are many great local businesses here that help make the cost of living even more affordable. Businesses like Walmart, Kroger's,and Walgreens help residents get everyday items at prices lower than those found in other areas. All in all, Stephenson County offers a great combination of affordability and amenities that make it an attractive destination for potential residents.
Stephenson County has an unemployment rate of 6.4%. The US average is 6.0%.
Stephenson County has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 32.0%, which is lower than the US average of 33.5%.
Tax Rates for Stephenson County
- The Sales Tax Rate for Stephenson County is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Stephenson 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 Stephenson County
- The average income of a Stephenson County resident is $23,686 a year. The US average is $28,555 a year.
- The Median household income of a Stephenson County resident is $53,806 a year. The US average is $69,021 a year.