South Beloit has the 2947th largest population in the United States. The population shrank by 2.7% from 2010 to 2015, which was slower than the national average. South Beloit is part of the Rockford metro area. Unemployment in the Rockford area is 6%, which is higher than the national average, and is getting worse. Rockford has the 148th largest local economy in the US, and a low cost of living. The average pay for jobs in South Beloit is below average at $43,690, and the median cost of a home in South Beloit is $121,800, which is below the national average. 17% of workers in South Beloit hold a bachelors degree or higher (above average), and 87% of workers have a high school degree (above average). Driving to work is especially common in South Beloit. 84% of South Beloit workers drive to work alone, 1% take public transit, 8% carpool, and 5% walk. People in South Beloit spend an average of 22 minutes commuting to work, which is shorter than the national average of 26 minutes.