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 -9.5% 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 $39,243 a year. The US average is $37,638 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
    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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