Rockford, IL is a city located in the state of Illinois. It has a population of approximately 152,871 people and an average 2 bedroom rent of $960. This is significantly cheaper than the US average 2 Bedroom Rent at $1,430. The Grocery Cost Index in Rockford is 90 versus 100 in the US, making it a budget-friendly option for groceries as well.
There are many large corporations and small businesses located in Rockford that offer quality services to its citizens. Companies like Woodward, Inc., Swedish American Health System, and Supply Core have been providing world-class products and services to the people of Rockford for decades. Woodward offers innovative solutions to power, control and motion needs while Swedish American Health System provides comprehensive health care services. Supply Core provides logistics support services for government customers worldwide. These companies continue to provide jobs to many local residents and are dedicated to giving back to the community with various charity initiatives such as scholarships and sponsorships.
Rockford (zip 61108) has an unemployment rate of 8.1%. The US average is 6.0%.
Rockford (zip 61108) 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 61108)
- The Sales Tax Rate for Rockford (zip 61108) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Rockford (zip 61108) 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 61108)
- The average income of a Rockford (zip 61108) resident is $27,276 a year. The US average is $37,638 a year.
- The Median household income of a Rockford (zip 61108) resident is $53,997 a year. The US average is $69,021 a year.