The city of Arlington, IL (zip code 61312) is a great place to live. The average two bedroom rent is just $810, making it much more affordable than the national average of $1,430. There are also many grocery stores in the area with a cost index of 93 versus 100 nationally. This makes it easy to find good deals on groceries while still maintaining quality.
Local businesses play an important part in the health of Arlington's economy. Companies like O-Dub Manufacturing, The Farmers Market of Northern Illinois, Tate & Lyle, and Wells Lamont all contribute to the local community. These companies provide jobs for local residents and stimulate economic growth in the area by producing goods and services that help support other businesses. Furthermore, their presence encourages other businesses to come to Arlington and bring their own investments which further helps to bolster the local economy.
Arlington (zip 61312) has an unemployment rate of 6.3%. The US average is 6.0%.
Arlington (zip 61312) 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 33.9%, which is higher than the US average of 33.5%.
Tax Rates for Arlington (zip 61312)
- The Sales Tax Rate for Arlington (zip 61312) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Arlington (zip 61312) 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 Arlington (zip 61312)
- The average income of a Arlington (zip 61312) resident is $40,898 a year. The US average is $37,638 a year.
- The Median household income of a Arlington (zip 61312) resident is $84,545 a year. The US average is $69,021 a year.