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The 2024 total gross state product for Illinois was $1.132 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 ]
This data is collected by the United States Census Bureau for state governments during fiscal year 2015. These statistics include tax collections for state governments only; they do not include tax collections from local governments.
Illinois ranks second in U.S. corn production with more than 1.5 billion bushels produced annually. [155] With a production capacity of 1.5 billion gallons per year, Illinois is a top producer of ethanol, ranking third in the United States in 2011. [156] Illinois is a leader in food manufacturing and meat processing. [157]
Methodology: For this piece, GOBankingRates used Zillow’s April 2024 data to find the cities where home values have jumped over 10% from April 2023 to April 2024. Only those within the 750 ...
Soared. Surged. Ballooned. Spiked. They're all words that describe home values over the last five years in 50 of the richest cities in the United States. According to the latest data from Zillow,...
Appealing these hikes is proving difficult. ‘People are going to lose their property’: This Illinois woman’s property tax is poised to pop from $756 to over $10,000 — a shocking 1,222% spike.
The Illinois side includes Henry County, Mercer County, and Rock Island County. [4] In extreme northwestern Illinois the Driftless Zone, a region of unglaciated and therefore higher and more rugged topography, occupies a small part of the state. Charles Mound, located in this region, is the state's highest elevation above sea level.
A land value tax removes financial incentives to hold unused land solely for price appreciation, making more land available for productive uses. [9] At sufficiently high levels, land value tax would cause real estate prices to fall by removing land rents that would otherwise become 'capitalized' into the price of real