Anchor, Illinois (zip code 61720) is a small town located in the central part of the state. It has a population of around 1,300 people and is known for its low cost of living. The median 2-bedroom rent in Anchor is $1,030 per month which is significantly lower than the US median at $1,430. Additionally, the Grocery Cost Index for Anchor is 92 versus 100 in the United States, making food costs much cheaper here as well. This makes Anchor an attractive place to live for those seeking affordable housing prices and groceries.
Anchor has several local businesses that help provide goods and services to the community. These include Miller's Grocery store which offers a wide variety of items at discounted prices, Jolly Time Lumber & Hardware which provides quality lumber supplies and hardware products at competitive rates, Mutual Savings Bank which offers financial services such as banking and insurance products, and many other businesses including restaurants and cafes. All these companies contribute to providing an overall great quality of life for Anchor residents at an unbeatable cost of living.
Anchor (zip 61720) has an unemployment rate of 5.0%. The US average is 6.0%.
Anchor (zip 61720) 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 22.9%, which is lower than the US average of 33.5%.
Tax Rates for Anchor (zip 61720)
- The Sales Tax Rate for Anchor (zip 61720) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Anchor (zip 61720) 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 Anchor (zip 61720)
- The average income of a Anchor (zip 61720) resident is $21,681 a year. The US average is $37,638 a year.
- The Median household income of a Anchor (zip 61720) resident is $63,026 a year. The US average is $69,021 a year.