Belvidere, IL 61008 is an ideal place to live with a surprisingly low cost of living compared to the US. The average rent for a 2-bedroom home in this area is only $980, while the national average for a 2-bedroom rental is $1,430. Furthermore, grocery costs are just 92 percent of what they are in the rest of the country. Belvidere offers plenty of opportunities for employment, with local businesses like Gateway Automotive Group and Aluma Systems Inc providing great job options. For more information on what Belvidere has to offer, visit https://visitbelvidereil.com/explore-belvidere/.
Belvidere (zip 61008) has an unemployment rate of 7.8%. The US average is 6.0%.
Belvidere (zip 61008) has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 24.0%, which is lower than the US average of 33.5%.
Tax Rates for Belvidere (zip 61008)
- The Sales Tax Rate for Belvidere (zip 61008) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Belvidere (zip 61008) 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 Belvidere (zip 61008)
- The average income of a Belvidere (zip 61008) resident is $25,452 a year. The US average is $28,555 a year.
- The Median household income of a Belvidere (zip 61008) resident is $66,594 a year. The US average is $69,021 a year.