Cambridge, IL (ZIP code 61238) is a small village located in Henry County, Illinois. It is home to approximately 900 people and features a peaceful atmosphere with plenty of outdoor activities and a quaint downtown. The median two bedroom rent in Cambridge is $990 per month, which makes it an affordable option when compared to the US two bedroom average of $1,430 per month. Grocery costs are also lower than the national average with a grocery cost index of 93 versus 100 in the US.
The village offers services like plumbing, electrical work, roofing repair, landscaping, appliance repair, and more from local companies such as Allen Electric Inc., Bob's Roofing & Siding Inc., B & B Lawn Care LLC., Racine Plumbing & Heating Inc., and McPherson Appliance Repair. Cambridge residents can enjoy a comfortable lifestyle with a low cost of living due to its relatively low housing expenses and grocery costs.
Cambridge (zip 61238) has an unemployment rate of 5.9%. The US average is 6.0%.
Cambridge (zip 61238) 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 Cambridge (zip 61238)
- The Sales Tax Rate for Cambridge (zip 61238) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Cambridge (zip 61238) 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 Cambridge (zip 61238)
- The average income of a Cambridge (zip 61238) resident is $31,387 a year. The US average is $37,638 a year.
- The Median household income of a Cambridge (zip 61238) resident is $62,447 a year. The US average is $69,021 a year.