Zip 61721 (Armington, IL) Economy


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United States / Illinois / Peoria Metro Area / Tazewell County / No City / Armington (zip 61721)
61721 Armington, IL is a small rural town located in Tazewell County. The cost of living is relatively low compared to other towns in the area with the average 2 bedroom rent being $980 per month. This is significantly lower than the US average which sits at $1,430 per month. Additionally, grocery costs index in Armington is 93 versus 100 in the US making it more affordable for locals to stock up on groceries for their family. Local companies include Jeremiah's Automotive Services, White Oaks Country Store and Armington Grain Co-op which provides grain services to farms in the area. All are reasonably priced and provide quality services. Overall, this town offers a great quality of life for those looking for an affordable place to live with local amenities that meet their needs.

Armington (zip 61721) has an unemployment rate of 5.7%. The US average is 6.0%.

Armington (zip 61721) has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 19.4%, which is lower than the US average of 33.5%.

Tax Rates for Armington (zip 61721)
- The Sales Tax Rate for Armington (zip 61721) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Armington (zip 61721) 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 Armington (zip 61721)
- The average income of a Armington (zip 61721) resident is $24,676 a year. The US average is $28,555 a year.
- The Median household income of a Armington (zip 61721) resident is $79,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyArmington, IllinoisUnited States
  5.76
  -7.5%-6.2%
  19.4%33.5%
  6.8%6.2%
  5.0%4.6%
  $29,047$37,638
  $79,750$69,021
  $86,250$85,028
  Population by Occupation
  14.6%1.2%
  1.3%0.5%
  5.7%6.8%
  8.9%10.0%
  1.3%2.5%
  7.6%11.0%
  5.1%4.8%
  0.0%0.8%
  1.3%1.9%
  8.2%4.7%
  0.0%1.9%
  1.9%7.6%
  0.0%0.1%
  2.5%4.2%
  10.1%9.3%
  16.5%14.0%
  0.0%2.1%
  3.8%7.0%
  7.6%4.8%
  3.8%4.7%
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