Elgin, IL is a great city to call home with a population of over 107,000 people. The area has a 2 bedroom rent rate of $1,360 and an overall grocery cost index of 96 compared to the US at 100. With this information in mind, Elgin is an inexpensive place to live without sacrificing much on quality of living.
For those looking for work, there are plenty of local companies offering opportunities such as Judson University, Ecker Center for Mental Health, and Illinois Tool Works Inc. Judson University is a private Christian university which offers both undergraduate and graduate degrees across many disciplines. Ecker Center for Mental Health is a nonprofit mental health organization dedicated to providing comprehensive services in the community. Illinois Tool Works Inc provides innovative solutions for industrial customers all over the world.
Elgin (zip 60120) has an unemployment rate of 9.9%. The US average is 6.0%.
Elgin (zip 60120) has seen the job market decrease by -9.1% over the last year. Future job growth over the next ten years is predicted to be 28.3%, which is lower than the US average of 33.5%.
Tax Rates for Elgin (zip 60120)
- The Sales Tax Rate for Elgin (zip 60120) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Elgin (zip 60120) 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 Elgin (zip 60120)
- The average income of a Elgin (zip 60120) resident is $26,917 a year. The US average is $37,638 a year.
- The Median household income of a Elgin (zip 60120) resident is $74,287 a year. The US average is $69,021 a year.