Beason, IL (62512) is a small town located in the state of Illinois. It has a population of only 694 people, making it perfect for those looking to live away from larger cities. The cost of living in Beason is significantly lower than the US average, mainly due to its low housing costs. The median 2 bedroom rent in Beason is just $840 per month, which is about 40% less than the national average. Not only does this make it easier to find affordable housing options but also lower grocery costs with an index score of 95 compared to 100 in the US. Local businesses such as The Old Mill Restaurant, J&J Automotive Repair & Towing, and Schrock's Fuel & Grain are all popular among residents and visitors for their unique services and products. In conclusion, Beason offers a peaceful environment with a low cost of living that makes it ideal for those looking to escape city life without breaking the bank.
Beason (zip 62512) has an unemployment rate of 5.2%. The US average is 6.0%.
Beason (zip 62512) has seen the job market decrease by -7.0% 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 Beason (zip 62512)
- The Sales Tax Rate for Beason (zip 62512) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Beason (zip 62512) 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 Beason (zip 62512)
- The average income of a Beason (zip 62512) resident is $28,246 a year. The US average is $37,638 a year.
- The Median household income of a Beason (zip 62512) resident is $53,750 a year. The US average is $69,021 a year.