61419 Bishop Hill, IL is a small village in Henry County. Located just over two hours from Chicago, this rural area is known for its picturesque scenery and quaint homes. The population here is just under 200 people, making it one of the smaller communities in the county. The cost of living here is very affordable with 2 bedroom rents averaging $850 per month compared to the US average of $1,430 per month. Grocery costs are also quite low with an index score of 92 versus 100 in the US.
The main source of employment here is farming as this rural community heavily relies on agriculture as its primary industry. Another popular option for employment is to work in local businesses such as Hamer Hardware or Bishop Hill Bakery which both offer competitive wages to their employees. As it stands today, 61419 Bishop Hill remains a charming area that provides its residents with a high quality yet affordable lifestyle that can’t be found anywhere else.
Bishop Hill (zip 61419) has an unemployment rate of 5.9%. The US average is 6.0%.
Bishop Hill (zip 61419) has seen the job market decrease by -7.9% over the last year. Future job growth over the next ten years is predicted to be 27.4%, which is lower than the US average of 33.5%.
Tax Rates for Bishop Hill (zip 61419)
- The Sales Tax Rate for Bishop Hill (zip 61419) is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Bishop Hill (zip 61419) 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 Bishop Hill (zip 61419)
- The average income of a Bishop Hill (zip 61419) resident is $40,362 a year. The US average is $37,638 a year.
- The Median household income of a Bishop Hill (zip 61419) resident is $0 a year. The US average is $69,021 a year.