The Champaign-Urbana metro area is an excellent place to call home. With a two bedroom rent that is nearly $400 lower than the US average, it's easy to see why many people choose to relocate here. Additionally, groceries in this area are cheaper than in most places around the country due to its Grocery Cost Index of 94 versus the US average of 100. Locally, some of the major employers include University of Illinois at Urbana-Champaign, Carle Health System, Kraft Heinz Foods Co., and Christie Clinic.
Champaign-Urbana Metro Area has an unemployment rate of 4.9%. The US average is 6.0%.
Champaign-Urbana Metro Area has seen the job market decrease by -4.1% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Champaign-Urbana Metro Area
- The Sales Tax Rate for Champaign-Urbana Metro Area is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Champaign-Urbana Metro Area 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 Champaign-Urbana Metro Area
- The average income of a Champaign-Urbana Metro Area resident is $33,248 a year. The US average is $37,638 a year.
- The Median household income of a Champaign-Urbana Metro Area resident is $58,102 a year. The US average is $69,021 a year.