Alpha, IL Economy


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Alpha, IL is a small town located in the Midwest region of the United States. This growing community is known for its affordable housing and the low cost of living. Two-bedroom apartments typically rent for $770 — a fraction of what it costs in other cities across the country. The area also has a lower grocery cost index than the national average, making it easier to save money on everyday items. Alpha, IL is home to several businesses such as Alpha Automotive, Alpha IT Solutions, and Alpha Pharmacy. These local companies are dedicated to providing quality customer service and products at an economical price.

Alpha has an unemployment rate of 5.9%. The US average is 6.0%.

Alpha has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 27.4%, which is lower than the US average of 33.5%.

Tax Rates for Alpha
- The Sales Tax Rate for Alpha is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Alpha is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Alpha
- The average income of a Alpha resident is $27,854 a year. The US average is $28,555 a year.
- The Median household income of a Alpha resident is $63,611 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAlpha, IllinoisUnited States
  5.96
  -7.9%-6.2%
  27.4%33.5%
  7.8%6.2%
  5.0%4.6%
  $28,054$37,638
  $63,611$69,021
  $71,184$85,028
  Population by Occupation
  6.2%1.2%
  0.0%0.5%
  11.5%6.8%
  18.0%10.0%
  2.4%2.5%
  7.1%11.0%
  9.5%4.8%
  0.0%0.8%
  0.0%1.9%
  2.1%4.7%
  6.8%1.9%
  0.6%7.6%
  0.0%0.1%
  2.4%4.2%
  12.4%9.3%
  4.7%14.0%
  0.0%2.1%
  3.3%7.0%
  9.8%4.8%
  3.3%4.7%
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