Macomb, IL Metro Area is a great place to live for those looking to get away from the hustle and bustle of big cities. The cost of living is quite reasonable with two bedroom rents being $790 as compared to $1,430 in the US on average. Grocery costs are also low with an index of 91 versus 100 in the US. The area is home to a few well-known local companies such as CIT Group Inc. and First Midwest Bank Corporation. The climate in Macomb is generally moderate with all four seasons typically experienced each year. Summers tend to be warm and humid while winters can be cold and snowy.
Macomb Metro Area has an unemployment rate of 5.3%. The US average is 6.0%.
Macomb Metro Area has seen the job market decrease by -7.4% over the last year. Future job growth over the next ten years is predicted to be 16.6%, which is lower than the US average of 33.5%.
Tax Rates for Macomb Metro Area
- The Sales Tax Rate for Macomb Metro Area is 8.7%. The US average is 7.3%.
- The Income Tax Rate for Macomb 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 Macomb Metro Area
- The average income of a Macomb Metro Area resident is $26,929 a year. The US average is $37,638 a year.
- The Median household income of a Macomb Metro Area resident is $45,704 a year. The US average is $69,021 a year.