Palos Hills, IL is a great place to live with an affordable cost of living. The 2 bedroom rent in Palos Hills is $1,280 compared to the US average which stands at $1,430. This makes it one of the most affordable places to rent a two bedroom apartment in America. Furthermore, groceries cost index in this city is 96 versus 100 in the US so you can benefit from significant savings on groceries.
The city has a lot of great local companies as well such as Total Bank Solutions, Alan E Wood Plumbing & Heating Co., Kreative Pros and Tony's Maintenance Inc. These local businesses offer quality services in various industries making them highly sought after by residents of Palos Hills and its environs.
Palos Hills (zip 60465) has an unemployment rate of 8.4%. The US average is 6.0%.
Palos Hills (zip 60465) has seen the job market decrease by -9.4% over the last year. Future job growth over the next ten years is predicted to be 25.8%, which is lower than the US average of 33.5%.
Tax Rates for Palos Hills (zip 60465)
- The Sales Tax Rate for Palos Hills (zip 60465) is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Palos Hills (zip 60465) 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 Palos Hills (zip 60465)
- The average income of a Palos Hills (zip 60465) resident is $36,985 a year. The US average is $37,638 a year.
- The Median household income of a Palos Hills (zip 60465) resident is $72,570 a year. The US average is $69,021 a year.