62908 Belknap is a rural town in Illinois known for its peaceful atmosphere and friendly community. The median 2 bedroom rent in 62908 Belknap is $860, which is significantly lower than the US average of $1,430. Furthermore, the Grocery Cost Index in 62908 Belknap is 91 versus 100 in the US, making groceries more affordable for residents. \nThe economy of 62908 Belknap relies heavily on local businesses. Some of the popular businesses in the area are Starved Rock State Park, Spring Valley's Village Hall, and Big Muddy Pub & Grill. These businesses provide employment opportunities to many local working class families and contribute to the growth of the local economy. Through its dedication to small business growth and community development initiatives, 62908 Belknap has fostered strong economic development that will continue to benefit its citizens well into the future.
Belknap (zip 62908) has an unemployment rate of 6.7%. The US average is 6.0%.
Belknap (zip 62908) has seen the job market decrease by -4.4% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.
Tax Rates for Belknap (zip 62908)
- The Sales Tax Rate for Belknap (zip 62908) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Belknap (zip 62908) 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 Belknap (zip 62908)
- The average income of a Belknap (zip 62908) resident is $32,582 a year. The US average is $37,638 a year.
- The Median household income of a Belknap (zip 62908) resident is $72,250 a year. The US average is $69,021 a year.