The typical Illinoisan is taxed at a rate of 1.73% for property, a maximum of 4.95% for income and up to 6.25% for sales. Compared to the national averages Illinois earns a score of poor 👎 for property taxes, average for income taxes and poor 👎 for combined local and state sales tax. Quick links to regions of Illinois with predicted increasing and decreasing valuations.
Review the Geographical, Political and Spiritual Attributes of Illinois
Illinois has approximately 12,835,726 residents. A common term for people in Illinois is "Illinoisan". Within this population there are around 153,991 births and 106,830 deaths per year. Approximately 72.8% of this population speaks English exclusively. Conversely, 0.9% of this population has no verbal English skill. On average, real estate listings in Illinois are on the market for 88 days. The Market Health Index for Illinois is 1.18. Kendall is the wealthiest of all counties in Illinois. The least wealthy of all counties in Illinois is Alexander.
Daily state facts: In order to cover its unfunded pension liabilities Illinois will need to increase tax revenues by 25%, increase state employee contributions by over 600%, or pray for pension investment returns to increase by over 10%. None of these scenarios is likely to happen.
According to the Bureau of Labor Statistics, Illinois employment in October 2022 was 6,435,982, unemployment was 298,154 or 4.6% of total jobs.