Pontiac, IL Metro Area is an affordable place to live. The average rent for a two-bedroom apartment in the area is $830, which is significantly lower than the US nationwide average of $1,430. Additionally, the cost of groceries in Pontiac, IL Metro Area has a Grocery Cost Index of 93 compared to 100 nationally. This means that groceries are even more affordable in Pontiac than elsewhere in the country. \nPontiac houses many local companies such as Hyster-Yale Group Incorporated, Pontiac-Oakland Automobile Museum and Resource Center, the Livingston County Radio Club, and AT&T Mobility. There are also several manufacturing plants including those owned by Nestle USA Inc., ARC Extrusions LLC, Fiberon LLC, and Gibson Performance Exhaust Systems.
Pontiac Metro Area has an unemployment rate of 5.8%. The US average is 6.0%.
Pontiac Metro Area has seen the job market decrease by -7.1% over the last year. Future job growth over the next ten years is predicted to be 20.6%, which is lower than the US average of 33.5%.
Tax Rates for Pontiac Metro Area
- The Sales Tax Rate for Pontiac Metro Area is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Pontiac 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 Pontiac Metro Area
- The average income of a Pontiac Metro Area resident is $30,657 a year. The US average is $37,638 a year.
- The Median household income of a Pontiac Metro Area resident is $61,419 a year. The US average is $69,021 a year.