62501 Argenta, IL is a small village located in Macon County. The cost of living in Argenta is much lower than the US average; a two-bedroom rental costs just $930 per month, while the US average stands at $1,430. The grocery cost index in Argenta is 93 versus 100 nationwide. The economy of Argenta is largely based around agriculture and farming, with local companies such as Rigney Farms and Miller Produce providing for the needs of the community. Additionally, there are several small shops and businesses such as Mack’s Corner Market and Magnolia Flowers that specialize specifically in local goods. With its low cost of living and thriving agricultural industry, 62501 Argenta provides an ideal place to live for those looking for an affordable lifestyle away from bustling city life.
Argenta (zip 62501) has an unemployment rate of 8.6%. The US average is 6.0%.
Argenta (zip 62501) has seen the job market decrease by -8.2% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Argenta (zip 62501)
- The Sales Tax Rate for Argenta (zip 62501) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Argenta (zip 62501) 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 Argenta (zip 62501)
- The average income of a Argenta (zip 62501) resident is $39,030 a year. The US average is $37,638 a year.
- The Median household income of a Argenta (zip 62501) resident is $78,125 a year. The US average is $69,021 a year.