The city of Chestnut, IL (zipcode 62518) offers an affordable cost of living when compared to the US average. According to data from local companies such as Real Estate by Zillow and the National Cost of Living Index, two bedroom rental in Chestnut is $850, which is significantly lower than the national average of $1,430. Furthermore, grocery costs are 92 percent of the national average; making it a great place to live for those looking for cheaper living expenses.
Chestnut (zip 62518) has an unemployment rate of 5.2%. The US average is 6.0%.
Chestnut (zip 62518) has seen the job market decrease by -7.0% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Chestnut (zip 62518)
- The Sales Tax Rate for Chestnut (zip 62518) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Chestnut (zip 62518) 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 Chestnut (zip 62518)
- The average income of a Chestnut (zip 62518) resident is $30,145 a year. The US average is $37,638 a year.
- The Median household income of a Chestnut (zip 62518) resident is $0 a year. The US average is $69,021 a year.