With data compiled from reliable public sources and government organizations like the Bureau of Labor Statistics and the U.S. Census Bureau, Joblift provides you with essential insights to help you in your job search in Marengo, IL.
Marengo is a city with a diverse array of industries, providing various opportunities for jobseekers. With a strong presence in manufacturing, retail, health care, construction, and education sectors, this city offers stable employment options for individuals across different skill sets and interests. The developing economy in Marengo ensures continued growth, attracting professionals looking for a promising career path.
In the city, employment opportunities are characterized by several key factors that contribute to its overall economic landscape. A notable aspect is the average salary of $63,655, which, while slightly below the national average at a -8.05% difference, still presents a competitive earning potential for jobseekers. Additionally, the cost of living remains close to average, ensuring affordability for residents.
Furthermore, almost half of the population, specifically 49%, benefits from employer-provided insurance coverage, emphasizing the role businesses play in supporting their workforce. Lastly, with an average commute time of 25.5 minutes, the city offers reasonable travel times for employees, contributing to a balanced work-life experience. These aspects, combined together, create a fairly positive environment for individuals seeking employment within the city.
The city of Marengo, IL currently experiences an unemployment rate of 5.9%, which is above the country's average of 3.8%. Despite this higher unemployment rate, the future job market growth in Marengo is expected to be strong. This indicates that opportunities may continue to develop in various industries, contributing to the potential for a thriving local economy and employment landscape.