62002 Alton, IL is a great place to live due to its low cost of living. The average 2 bedroom rent in the area is only $930 compared to the US average of $1,430. In addition, the Grocery Cost Index in 62002 is 92 versus 100 in the US. This means that residents can affordably purchase groceries without having to worry about their budget.
The city also has plenty of amenities and local businesses. Popular stores such as Walmart, Schnuck's Foods, Aldi, and Target are all within easy reach. In addition, 62002 offers a variety of restaurants ranging from fast food chains such as McDonalds and Taco Bell to local favorites like 4Rivers Smokehouse and Pappy’s Place Bar & Grill. There are also several entertainment venues such as the Lewis & Clark Community College Skate Park or the Jacoby Arts Center which hosts a variety of events year-round.
Overall, 62002 Alton, IL is an excellent place for those looking for an affordable living situation with plenty of entertainment options nearby. With its low cost of living and diverse array of businesses available, it is no surprise why many people choose this city as their home.
Alton (zip 62002) has an unemployment rate of 8.2%. The US average is 6.0%.
Alton (zip 62002) has seen the job market decrease by -6.8% over the last year. Future job growth over the next ten years is predicted to be 28.5%, which is lower than the US average of 33.5%.
Tax Rates for Alton (zip 62002)
- The Sales Tax Rate for Alton (zip 62002) is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Alton (zip 62002) 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 Alton (zip 62002)
- The average income of a Alton (zip 62002) resident is $30,218 a year. The US average is $37,638 a year.
- The Median household income of a Alton (zip 62002) resident is $51,177 a year. The US average is $69,021 a year.