Kankakee, IL Metro Area is an excellent place to live for those looking for affordable housing options. On average, a two bedroom apartment rents for $1,070, which is significantly lower than the national average of $1,430. This affordability extends to groceries as well; The Grocery Cost Index in Kankakee is 95 compared to 100 in the US. Kankakee also offers many great attractions such as recreational facilities at Kankakee River State Park and a vibrant downtown area full of local businesses like Midland States Bank and Illinois Valley Cellular. There are plenty of great restaurants like La Fiesta Restaurant and Mickey's Place too! Whether you’re looking for some outdoor fun or just want to relax and explore your surroundings, Kankakee has something for everyone.
Kankakee Metro Area has an unemployment rate of 7.5%. The US average is 6.0%.
Kankakee Metro Area has seen the job market increase by 5.1% over the last year. Future job growth over the next ten years is predicted to be 38.9%, which is higher than the US average of 33.5%.
Tax Rates for Kankakee Metro Area
- The Sales Tax Rate for Kankakee Metro Area is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Kankakee 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 Kankakee Metro Area
- The average income of a Kankakee Metro Area resident is $24,117 a year. The US average is $28,555 a year.
- The Median household income of a Kankakee Metro Area resident is $61,664 a year. The US average is $69,021 a year.