Grant Park, IL is a small town that has an estimated population of 609. It is located about 60 miles south of Chicago and is the ideal area for those who are looking to enjoy living in a rural, peaceful community. The average rent for a two bedroom apartment in Grant Park is $1,180, which is significantly lower than the US average of $1,430. This makes it a great option for people who are on a tight budget. Furthermore, the grocery cost index in Grant Park is 96 compared to the US average of 100. This means that groceries in Grant Park are slightly more affordable than the rest of the country.
Grant Park also has several local businesses that make up its vibrant economy. Some examples include Top Notch Tree Service & Landscaping Inc., Big 4 Tire & Automotive Repair Inc., Cornerstone Construction & Maintenance LLC., and Lovell’s Grocery Store Inc. These businesses provide goods and services to all residents in Grant Park and make it a great place to live or start a business.
Grant Park (zip 60940) has an unemployment rate of 7.5%. The US average is 6.0%.
Grant Park (zip 60940) has seen the job market increase by 5.1% over the last year. Future job growth over the next ten years is predicted to be 38.9%, which is higher than the US average of 33.5%.
Tax Rates for Grant Park (zip 60940)
- The Sales Tax Rate for Grant Park (zip 60940) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Grant Park (zip 60940) 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 Grant Park (zip 60940)
- The average income of a Grant Park (zip 60940) resident is $26,986 a year. The US average is $28,555 a year.
- The Median household income of a Grant Park (zip 60940) resident is $77,632 a year. The US average is $69,021 a year.