Zip 61316 (Cedar Point, IL) Economy


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United States / Illinois / No Metro Area / LaSalle County / No City / Cedar Point (zip 61316)
Cedar Point, IL is a great place to live with 2 bedroom rent at only $810 compared to the US average of $1,430. Grocery Cost Index in Cedar Point is also below the US Average at 92 versus 100 which means groceries cost less than the national average. The area is home to several businesses and offers many job opportunities. Currently there are companies such as Walmart, Fox River Trolley Museum, Rollins Auto Sales, and Homestead Technologies who are actively looking to hire employees. All these organizations offer competitive wages and benefits for their workers making them an attractive employer for people looking for a job in this region.

Cedar Point (zip 61316) has an unemployment rate of 7.3%. The US average is 6.0%.

Cedar Point (zip 61316) has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 20.0%, which is lower than the US average of 33.5%.

Tax Rates for Cedar Point (zip 61316)
- The Sales Tax Rate for Cedar Point (zip 61316) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Cedar Point (zip 61316) 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 Cedar Point (zip 61316)
- The average income of a Cedar Point (zip 61316) resident is $24,878 a year. The US average is $28,555 a year.
- The Median household income of a Cedar Point (zip 61316) resident is $63,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCedar Point, IllinoisUnited States
  7.36
  -8.3%-6.2%
  20.0%33.5%
  6.5%6.2%
  5.0%4.6%
  $32,905$37,638
  $63,750$69,021
  $76,250$85,028
  Population by Occupation
  0.7%1.2%
  4.7%0.5%
  8.8%6.8%
  22.3%10.0%
  2.0%2.5%
  9.5%11.0%
  3.4%4.8%
  2.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.7%7.6%
  0.0%0.1%
  0.0%4.2%
  4.7%9.3%
  24.3%14.0%
  0.0%2.1%
  10.1%7.0%
  2.0%4.8%
  4.7%4.7%
Health