Freeport, IL Metro Area is a great place to live with an affordable cost of living. The average rent for a two bedroom apartment in Freeport is $770 per month, compared to the national average of $1,430. Additionally, groceries are quite cheap in this area, as the grocery cost index is only 91 compared to 100 across the United States. \nThe region also has a thriving job market thanks to companies like GE Aviation and Woodward Inc., both of which employ thousands of people in the area. Also present are businesses such as Tyler Tool Company, which provides supplies for the construction industry and Northern Illinois University-Freeport Campus which offers degrees in various disciplines. With so many excellent opportunities available for citizens and students alike, Freeport offers a high quality of life that rivals its US counterparts.
Freeport Metro Area has an unemployment rate of 6.4%. The US average is 6.0%.
Freeport Metro Area 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 Freeport Metro Area
- The Sales Tax Rate for Freeport Metro Area is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Freeport 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 Freeport Metro Area
- The average income of a Freeport Metro Area resident is $23,686 a year. The US average is $28,555 a year.
- The Median household income of a Freeport Metro Area resident is $53,806 a year. The US average is $69,021 a year.