Chatham, IL (zip code 62629) is a charming rural community with a population of about 5,000 residents. It offers affordable housing costs with an average two-bedroom rent of $1,150 compared to the US two-bedroom rent average of $1,430. Grocery cost is also lower than the national average index of 100 with the grocery cost index in Chatham at 98. The top employers in this small town are Memorial Health System, UniFirst Corporation, JBT Corporation and Monsanto Company and Magellan Aerospace. Average wages range from around $37k to $60k for jobs like Registered Nurse, Machine Operator, Assistant Manager Retail and Mechanical Engineer respectively.
Chatham (zip 62629) has an unemployment rate of 6.3%. The US average is 6.0%.
Chatham (zip 62629) has seen the job market decrease by -7.4% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.
Tax Rates for Chatham (zip 62629)
- The Sales Tax Rate for Chatham (zip 62629) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Chatham (zip 62629) 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 Chatham (zip 62629)
- The average income of a Chatham (zip 62629) resident is $43,530 a year. The US average is $37,638 a year.
- The Median household income of a Chatham (zip 62629) resident is $96,849 a year. The US average is $69,021 a year.