Alexander, IL is a great place to live. It offers a cost of living that's much lower than the rest of the US, with the typical two bedroom apartment rent being only $800. Grocery costs are also lower than the national average, with an Index of 93 compared to 100 in the US. The local economy has some well-known businesses such as BVH CellTec Inc., Buyers Choice Packaging Systems Inc., and Mid West Precision Machining Company. Other local companies include T & H Manufacturing Company, Marshall Fluid Power LLC, and DSI Aerospace LLC. With so many businesses located close by, Alexander provides great career opportunities for those who call this area home.
Alexander (zip 62601) has an unemployment rate of 5.5%. The US average is 6.0%.
Alexander (zip 62601) has seen the job market decrease by -7.0% over the last year. Future job growth over the next ten years is predicted to be 17.7%, which is lower than the US average of 33.5%.
Tax Rates for Alexander (zip 62601)
- The Sales Tax Rate for Alexander (zip 62601) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Alexander (zip 62601) 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 Alexander (zip 62601)
- The average income of a Alexander (zip 62601) resident is $34,494 a year. The US average is $37,638 a year.
- The Median household income of a Alexander (zip 62601) resident is $93,036 a year. The US average is $69,021 a year.