Sterling, IL is a small city located in the Northwest region of Illinois. It has a variety of businesses that offer local products and services to residents, such as the Caron Manufacturing Company, Fyre Pro LLC, Rock Falls Machine & Die Company, and Wahl Clipper Corporation. The cost of living in Sterling is quite affordable due to the relatively low rent and grocery costs compared to the national average. Specifically, 2 bedroom rent in Sterling is $800 compared to $1,430 in the US while Grocery Cost Index in Sterling is 92 versus 100 in the US. Therefore, individuals looking for an affordable place to live should consider Sterling as an option.
Sterling has an unemployment rate of 5.4%. The US average is 6.0%.
Sterling has seen the job market decrease by -7.8% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for Sterling
- The Sales Tax Rate for Sterling is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Sterling 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 Sterling
- The average income of a Sterling resident is $28,895 a year. The US average is $37,638 a year.
- The Median household income of a Sterling resident is $47,778 a year. The US average is $69,021 a year.