Downers Grove is a small suburb situated in DuPage County, Illinois. With a population of 48,724 according to the 2019 Census, it is considered one of the most desirable places to live in the state of Illinois. According to recent estimates, 2 bedroom rent in Downers Grove is $1,690 - slightly higher than the US average of $1,430. In terms of Grocery Cost Index, Downers Grove has an index of 100 which is equal to the national average.
The city offers several amenities including easy access to transportation options such as Metra Commuter Rail and Pace Bus Service; plus a number of recreational opportunities for its residents. There are also several popular companies located within Downers Grove such as Ecolab Inc., Dover Corporation and Alcantara & Associates Ltd., providing ample employment opportunities for locals. All these factors make Downers Grove an attractive place to live with a relatively higher 2 bedroom rent price compared to other cities across the United States.
Downers Grove (zip 60516) has an unemployment rate of 5.4%. The US average is 6.0%.
Downers Grove (zip 60516) has seen the job market decrease by -9.5% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.
Tax Rates for Downers Grove (zip 60516)
- The Sales Tax Rate for Downers Grove (zip 60516) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Downers Grove (zip 60516) 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 Downers Grove (zip 60516)
- The average income of a Downers Grove (zip 60516) resident is $51,022 a year. The US average is $37,638 a year.
- The Median household income of a Downers Grove (zip 60516) resident is $104,143 a year. The US average is $69,021 a year.