Bingham, IL, zip code 62011 is a great place to live. With 2 bedroom rent costing $700, it's significantly lower than the US average of $1,430. Also, the Grocery Cost Index in Bingham is 96 versus 100 in the US, making it an affordable place to feed a family. Bingham also has plenty of local businesses that make up its community. A few of these business are The Saloon steakhouse and bar, the Fisherman's Inn gift shop and bait shop, and Artistic Edge Cakes bakery. These small businesses are essential to keep the economy running and give residents access to all they need in their local area.
Bingham (zip 62011) has an unemployment rate of 6.2%. The US average is 6.0%.
Bingham (zip 62011) has seen the job market decrease by -5.7% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Bingham (zip 62011)
- The Sales Tax Rate for Bingham (zip 62011) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Bingham (zip 62011) 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 Bingham (zip 62011)
- The average income of a Bingham (zip 62011) resident is $16,387 a year. The US average is $37,638 a year.
- The Median household income of a Bingham (zip 62011) resident is $35,993 a year. The US average is $69,021 a year.