Situated in the charming town of Cowden, IL (zip code 62422), the cost of living is an attractive option for those looking to settle down. A 2 Bedroom rent is only $750 compared to the US average of $1,430, and the Grocery Cost Index here is 92 compared to 100 in the US. Residents have access to local businesses such as Cowden’s Hardware, South Side Saloon and Restaurant, and K&E Lumber & Supply Co. Other amenities include The Wunderlich Park with a lake, trails in nearby Shelbyville, and The Golden Manor Nursing Home.
Cowden (zip 62422) has an unemployment rate of 4.8%. The US average is 6.0%.
Cowden (zip 62422) has seen the job market increase by 1.6% 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 Cowden (zip 62422)
- The Sales Tax Rate for Cowden (zip 62422) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Cowden (zip 62422) 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 Cowden (zip 62422)
- The average income of a Cowden (zip 62422) resident is $26,717 a year. The US average is $37,638 a year.
- The Median household income of a Cowden (zip 62422) resident is $48,929 a year. The US average is $69,021 a year.