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The 2022 total gross state product for Illinois was $1.033 trillion, placing it fifth in the nation. The 2021 median household income was $72,205, one of the nation's highest. [10] In 2016, the nine counties of the Chicago metropolitan area accounted for 77.3% of the state's total wages, with the remaining 93 counties at 22.7%. [11]
The economy of Ohio nominally would be the 20th largest global economy (behind Turkey and ahead of Switzerland) according to The World Bank as of 2022. [8] The state had a GDP of $822.67 billion in 2022, which is 3.23% of the United States total, [9] ranking 7th in the nation behind Pennsylvania and ahead of Georgia. [10]
Median cost to purchase a home by U.S. state Median cost to purchase a home by U.S. metro area Fig. 1: Robert Shiller's plot of U.S. home prices, population, building costs, and bond yields, from Irrational Exuberance, 2nd ed. [1] Shiller shows that inflation-adjusted U.S. home prices increased 0.4% per year from 1890 to 2004 and 0.7% per year from 1940 to 2004, whereas U.S. census data from ...
As of 2017 Chicago had the highest state and local sales tax rate for a U.S. city with a populations above 200,000, at 10.250%. [186] The state of Illinois has the second highest rate of real estate tax: 2.31%, which is second only to New Jersey at 2.44%. [187] Toll roads are a de facto user tax on the citizens and visitors to the state of ...
0428803. Website. chicago.gov. Chicago[ a ] is the most populous city in the U.S. state of Illinois and in the Midwestern United States. With a population of 2,746,388, as of the 2020 census, [ 9 ] it is the third-most populous city in the United States after New York City and Los Angeles.
2398519 [2] Website. www.hoffmanestates.org. Hoffman Estates is a village in Cook County, Illinois, United States. It is a suburb of Chicago. Per the 2020 census, the population was 52,530. [3] The village now serves as the headquarters for Sears and one of the American headquarters for Mori Seiki.
The median income for a household in the city was $46,856, and the median income for a family was $52,578. Males had a median income of $40,361 versus $27,551 for females. The per capita income for the city was $20,897.
State income tax is imposed at a fixed or graduated rate on taxable income of individuals, corporations, and certain estates and trusts. These tax rates vary by state and by entity type. Taxable income conforms closely to federal taxable income in most states with limited modifications. [2]