Butler, IL is a small rural town in McDonough County with a population of 62015. Rent for two bedrooms in Butler is much more affordable than the US average, at only $690 per month compared to the $1,430 national average. Additionally, grocery costs are slightly lower in Butler (94 index) versus the US (100 index). The local economy is supported by numerous companies such as Butler Building Company and Butler Manufacturing Company which specialize in agricultural buildings and steel construction respectively. Other companies include Farmer’s Bank of Liberty, Libby Milling Co., Inc., and Precision Strip Inc. which offer banking services, grain milling solutions and metal processing services. All these regional businesses help contribute to the economic health of Butler, IL while providing jobs for its citizens.
Butler (zip 62015) has an unemployment rate of 6.4%. The US average is 6.0%.
Butler (zip 62015) has seen the job market decrease by -6.6% over the last year. Future job growth over the next ten years is predicted to be 26.7%, which is lower than the US average of 33.5%.
Tax Rates for Butler (zip 62015)
- The Sales Tax Rate for Butler (zip 62015) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Butler (zip 62015) 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 Butler (zip 62015)
- The average income of a Butler (zip 62015) resident is $25,985 a year. The US average is $37,638 a year.
- The Median household income of a Butler (zip 62015) resident is $62,500 a year. The US average is $69,021 a year.