Assumption, IL (ZIP Code 62510) is a small town with an estimated population of 1,173 people. The average rent for a 2 bedroom apartment in Assumption is $830 dollars, much lower than the national average of $1,430 dollars. The Grocery Cost Index in Assumption is 92 compared to 100 nationally, making food more affordable. A variety of local businesses operate in the area including Ace Hardware, Dollar General store, and Assumption Mini Mart. For recreation, visitors can enjoy nearby Lake Shelbyville or take part in regular community events such as the Fall Festival or Christmas Craft Show. There are also several parks and golf courses that offer residents opportunities to explore the outdoors. All together, Assumption offers a pleasant small-town lifestyle with plenty of activities that make it an ideal place to live or visit.
Assumption (zip 62510) has an unemployment rate of 6.3%. The US average is 6.0%.
Assumption (zip 62510) has seen the job market decrease by -9.8% over the last year. Future job growth over the next ten years is predicted to be 12.9%, which is lower than the US average of 33.5%.
Tax Rates for Assumption (zip 62510)
- The Sales Tax Rate for Assumption (zip 62510) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Assumption (zip 62510) 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 Assumption (zip 62510)
- The average income of a Assumption (zip 62510) resident is $25,207 a year. The US average is $37,638 a year.
- The Median household income of a Assumption (zip 62510) resident is $48,720 a year. The US average is $69,021 a year.