Zip 61822 (Champaign, IL) Economy


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Champaign, IL is a great place to call home, with an average 2 bedroom rent of $1,300 and a grocery cost index equal to the US average of 100. The city is very diverse, with many different businesses and attractions for people of all ages. In particular, 61822 Champaign has several popular companies such as Kraft Heinz Company, Carle Foundation Hospital, Parkland College and University of Illinois at Urbana-Champaign. Additionally, there are many interesting attractions such as Meadowbrook Park, Champaign County Historical Museum and Krannert Center for Performing Arts that you can visit in your free time.

Champaign (zip 61822) has an unemployment rate of 4.9%. The US average is 6.0%.

Champaign (zip 61822) 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 32.0%, which is lower than the US average of 33.5%.

Tax Rates for Champaign (zip 61822)
- The Sales Tax Rate for Champaign (zip 61822) is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Champaign (zip 61822) 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 Champaign (zip 61822)
- The average income of a Champaign (zip 61822) resident is $41,667 a year. The US average is $28,555 a year.
- The Median household income of a Champaign (zip 61822) resident is $87,396 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyChampaign, IllinoisUnited States
  4.96
  -4.0%-6.2%
  32.0%33.5%
  9.0%6.2%
  5.0%4.6%
  $48,587$37,638
  $87,396$69,021
  $113,669$85,028
  Population by Occupation
  0.4%1.2%
  0.0%0.5%
  2.4%6.8%
  11.4%10.0%
  1.8%2.5%
  6.3%11.0%
  2.8%4.8%
  0.6%0.8%
  3.0%1.9%
  2.7%4.7%
  1.8%1.9%
  5.7%7.6%
  0.6%0.1%
  2.1%4.2%
  27.1%9.3%
  17.2%14.0%
  1.8%2.1%
  5.4%7.0%
  4.8%4.8%
  2.1%4.7%
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