Tazewell County · Illinois · Midwest · 17k residents
Morton, IL: economy, jobs & business costs
The site-selection read on Morton: labor costs, talent, corporate tax, energy, and business activity, with the Illinois median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,105/wk. Illinois's corporate income tax rate is 9.5%. Commercial electricity averages 11.8¢/kWh.
Compare Morton side by side
Avg. weekly wage
$1,105/wk
Corporate income tax
9.5%
Bachelor's degree or higher
46.4%
Commercial electricity
11.8¢/kWh
Economic momentum
How fast Morton's economy is moving, ranked against the US cities we track.
53/100
Steady
Ranks Morton's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $239,400 |
| Price per sq. ft. | $175 |
| Property tax rate | 2.1% |
| 1-bedroom rent | $823/mo |
| 2-bedroom rent | $1,047/mo |
| State & local income tax | 4.95% |
| Sales tax | 8.85% |
| Corporate income tax | 9.5% |
| Avg. weekly wage | $1,105/wk |
| Bachelor's degree or higher | 46.4% |
| Commercial electricity | 11.8¢/kWh |
| Businesses per 1k residents | 19.7/1k |
| Wage: Software developer | $130,590 |
| Wage: Registered nurse | $81,010 |
| Wage: General manager | $98,290 |
| Wage: Customer service | $39,840 |
| Wage: Warehouse worker | $34,600 |
| Wage: Heavy truck driver | $49,610 |
| Wage: Electrician | $80,460 |
| Wage: Retail salesperson | $33,870 |
| Cost of living index | 87 |
| Groceries index | 98 |
| Utilities | $165/mo |
| Transit pass | $75/mo |
| Gas price | $3.65/gal |
| Healthcare index | 98 |
| Childcare (per child) | $1,300/mo |
| Median household income | $94,402 |
| Unemployment rate | 4.7% |
| Population | 17k |
| Crime index | 50/100 |
| School rating | 6.3/10 |
| Walkability | 30/100 |
| Disaster risk | 84/100 |
| Avg. commute | 29 min |
| Sunny days / year | 190 days |
| July high | 86°F |
| January low | 17°F |
| Annual snowfall | 22 in |
| Home price YoY | +7.1% |
| Home price MoM | +0.2% |
| Rent YoY | — |
| Rent MoM | — |
| Employment (jobs) YoY | -0.5% |
| Building permits YoY | +100.0% |
| Ocean coast | 709 mi |
| Big lake | 130 mi |
| Mountains | 221 mi |
| Major airport | 120 mi |
| Ski resort | 158 mi |
Popular comparisons
Nearby
- Washington, IL · 16k
- East Peoria, IL · 22k
- Peoria, IL · 112k
- Pekin, IL · 32k
- Normal, IL · 54k
Similar size
- Mattoon, IL · 17k
- Fairview Heights, IL · 17k
- Westchester, IL · 16k
- Marion, IL · 17k
- Bridgeview, IL · 17k
Real listings in Morton
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Morton a good place to run a business?
- Illinois's corporate income tax rate is 9.5%; average weekly wages in the surrounding labor market run $1,105/wk; commercial electricity averages 11.8¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Morton, IL?
- Morton indexes at 87 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,047/mo and a acs median home value of $239,400.
- How much does a house cost in Morton?
- The acs median home value in Morton is $239,400 (Census ACS estimate; individual listings vary).
- How much is rent in Morton?
- A two-bedroom in Morton rents for about $1,047/mo.