Oconee, IL Economy


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United States / Illinois / No Metro Area / Shelby County / Oconee / Zip Codes
Oconee, IL is a small city located in the heart of Illinois. It is known for its excellent quality of life, providing residents with plenty of affordable housing and a variety of grocery options. The average rent for a two-bedroom dwelling in Oconee is $770, which is significantly lower than the national average of $1,430. Moreover, the local Grocery Cost Index is 92 as opposed to the US’s 100.
Residents in Oconee have access to many businesses that provide goods and services. For instance, there are several stores such as Walmart and Target that sell groceries and housewares at discounted prices. Additionally, businesses like Home Depot offer home improvement products while restaurants like Applebee's serve delicious meals. There are also other services such as florists and veterinarians available in the area.
Oconee offers an array of recreational activities for people of all ages to enjoy. There are local parks where visitors can go hiking or take part in sports activities such as tennis or basketball. The city also has vibrant nightlife with multiple bars and clubs hosting live music events throughout the year. Other attractions include art galleries showcasing regional artists’ work plus local museums that feature fascinating artifacts from Illinois’ past. Ultimately, Oconee is an attractive location for those seeking an affordable place to call home with countless amenities nearby!

Oconee has an unemployment rate of 4.8%. The US average is 6.0%.

Oconee has seen the job market decrease by -6.4% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.

Tax Rates for Oconee
- The Sales Tax Rate for Oconee is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Oconee 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 Oconee
- The average income of a Oconee resident is $24,864 a year. The US average is $37,638 a year.
- The Median household income of a Oconee resident is $60,313 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyOconee, IllinoisUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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