Zip 60450 (Morris, IL) Economy


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Morris, IL is a vibrant city with a population of 6,0450. It boasts some great rental prices, as the average two bedroom rent is $1,290 - much less than the US average of $1,430. The grocery cost index in Morris is 99 versus 100 in the US, so groceries are also reasonably priced here. There are also a number of great local companies to check out in Morris such as Allocation Systems Inc., Grundy County Farm Bureau and Morris Hospital & Healthcare Centers.

Morris (zip 60450) has an unemployment rate of 6.6%. The US average is 6.0%.

Morris (zip 60450) has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.

Tax Rates for Morris (zip 60450)
- The Sales Tax Rate for Morris (zip 60450) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Morris (zip 60450) 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 Morris (zip 60450)
- The average income of a Morris (zip 60450) resident is $30,830 a year. The US average is $28,555 a year.
- The Median household income of a Morris (zip 60450) resident is $75,833 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMorris, IllinoisUnited States
  6.66
  -9.5%-6.2%
  25.6%33.5%
  6.3%6.2%
  5.0%4.6%
  $39,243$37,638
  $75,833$69,021
  $96,218$85,028
  Population by Occupation
  0.8%1.2%
  0.8%0.5%
  8.5%6.8%
  15.3%10.0%
  1.5%2.5%
  15.8%11.0%
  8.2%4.8%
  3.0%0.8%
  0.6%1.9%
  2.5%4.7%
  1.0%1.9%
  2.6%7.6%
  0.0%0.1%
  3.9%4.2%
  10.2%9.3%
  9.6%14.0%
  1.6%2.1%
  6.5%7.0%
  4.9%4.8%
  2.8%4.7%
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