Sterling, IL Metro Area is an ideal place to live for those looking for an affordable city with a great quality of life. The area is home to many well-known companies such as Caterpillar, Nestle, and Tyson, providing the region with a variety of job opportunities. Cost of living in Sterling is quite reasonable compared to the national average. For example, 2 bedroom rent is only $830 compared to the US 2 Bedroom Rent which stands at $1,430, while the Grocery Cost Index in Sterling is 93 versus 100 in the US. Overall, Sterling is a great place filled with many job opportunities and an affordable cost of living that makes it an attractive option for many people looking for a new home.
Sterling Metro Area has an unemployment rate of 5.4%. The US average is 6.0%.
Sterling Metro Area has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for Sterling Metro Area
- The Sales Tax Rate for Sterling Metro Area is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Sterling 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 Sterling Metro Area
- The average income of a Sterling Metro Area resident is $24,815 a year. The US average is $28,555 a year.
- The Median household income of a Sterling Metro Area resident is $59,812 a year. The US average is $69,021 a year.