Wilmington, IL is a small city located in Will County, with a population of 8,360. This small town offers its residents an affordable living, with the average two bedroom rent at $1,100 compared to the national average of $1,430. Not only are rents more affordable here, but groceries are cheaper too with the Grocery Cost Index in Wilmington at 95 versus 100 nationally. The economy of Wilmington is mostly agricultural based as well as manufacturing focused. Major employers in the city include Caterpillar Inc., Proctor & Gamble Manufacturing Company and ComEd. Wilmington also has plenty of amenities available to its residents such as parks and natural spaces such as the Four Rivers Environmental Education Center and Wilmington Island Park. There are also museums such as the Elwood Historical Society Museum and the Illinois Railway Museum which showcase railway history all within close proximity to downtown Wilmington.
Wilmington (zip 60481) has an unemployment rate of 7.1%. The US average is 6.0%.
Wilmington (zip 60481) has seen the job market decrease by -9.5% over the last year. Future job growth over the next ten years is predicted to be 27.9%, which is lower than the US average of 33.5%.
Tax Rates for Wilmington (zip 60481)
- The Sales Tax Rate for Wilmington (zip 60481) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Wilmington (zip 60481) 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 Wilmington (zip 60481)
- The average income of a Wilmington (zip 60481) resident is $36,105 a year. The US average is $37,638 a year.
- The Median household income of a Wilmington (zip 60481) resident is $70,125 a year. The US average is $69,021 a year.