Rockford, IL is a great place to live with good amenities and a relatively low cost of living compared to other areas. The 2 bedroom rental rate for Rockford is $850, which is significantly lower than the US average of $1,430. Additionally, grocery costs are also lower in Rockford than the US average, with an index of 88 versus 100 in the US. This makes it an attractive option for people looking for affordability without sacrificing quality of life. In terms of local companies, Rockford has a wide range of options such as Woodward Inc., Anderson Japanese Gardens and Illinois Manufacturing Excellence Center (IMEC). All three offer unique opportunities within their respective industries.
Rockford (zip 61102) has an unemployment rate of 8.1%. The US average is 6.0%.
Rockford (zip 61102) 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 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Rockford (zip 61102)
- The Sales Tax Rate for Rockford (zip 61102) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Rockford (zip 61102) 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 Rockford (zip 61102)
- The average income of a Rockford (zip 61102) resident is $20,840 a year. The US average is $37,638 a year.
- The Median household income of a Rockford (zip 61102) resident is $36,813 a year. The US average is $69,021 a year.