62628 Chapin, IL is a great place to live for anyone looking for affordable housing and living expenses. The average 2 bedroom rent in the area is $810 which is much lower than the national average of $1,430. The Grocery Cost Index in 62628 Chapin, IL is 92 versus 100 in the US making it an ideal location for anyone on a budget.
The area offers many local businesses and companies such as G & L Electric Motor Service Inc., Bohnenstiehl Funeral Home, LLC, Birchtree Food & Spirits, Rochelle Brothers Automotive Repair Specialists, and Koralke Motorsports. Additionally there are several other stores and restaurants nearby providing ample shopping and dining options for residents of 62628 Chapin, IL.
Chapin (zip 62628) has an unemployment rate of 5.5%. The US average is 6.0%.
Chapin (zip 62628) has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 17.7%, which is lower than the US average of 33.5%.
Tax Rates for Chapin (zip 62628)
- The Sales Tax Rate for Chapin (zip 62628) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Chapin (zip 62628) 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 Chapin (zip 62628)
- The average income of a Chapin (zip 62628) resident is $32,469 a year. The US average is $28,555 a year.
- The Median household income of a Chapin (zip 62628) resident is $62,969 a year. The US average is $69,021 a year.