Bellwood, IL is an attractive small town located in the Chicagoland metropolitan area. With a cost of living index of 95, it is significantly lower than the US average of 100. Rent for a two bedroom apartment averages around $1,280 compared to the US average of $1,430. This makes it an affordable and desirable place to live. The local economy is diverse and thriving with many businesses ranging from small startups to large enterprises like Walmart and Ace Hardware. There are also plenty of local eateries and cafes that have been a staple in the community for generations. Bellwood is a great choice for those looking for an affordable place to settle down that still offers plenty of amenities and opportunities.
Bellwood has an unemployment rate of 8.4%. The US average is 6.0%.
Bellwood 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 Bellwood
- The Sales Tax Rate for Bellwood is 10.5%. The US average is 7.3%.
- The Income Tax Rate for Bellwood is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.
Income and Salaries for Bellwood
- The average income of a Bellwood resident is $26,234 a year. The US average is $37,638 a year.
- The Median household income of a Bellwood resident is $66,517 a year. The US average is $69,021 a year.