62920 Cobden, IL is a small town located in Union County with a population of fewer than 1,000 residents. It is an ideal location for those looking for a rural home as it offers plenty of natural beauty and outdoor activities. The average two bedroom rent in 62920 Cobden, IL is $830 per month; significantly lower than the average two bedroom rent in the US which is $1,430. The grocery cost index in 62920 Cobden, IL is also lower than the US average at 95 versus 100 respectively.
Home to several local businesses such as Don's Tire & Service Center and Kevin’s Hardware & Repair, 62920 Cobden, IL provides plenty of options for services such as auto repairs or small engine repairs. Other local businesses include Cobden Grocery Store which serves up fresh produce daily and Downtown Market Street Café where you can find delicious homemade sandwiches and soups. 62920 Cobden, IL has some great trails surrounding town offering hikes and bike rides offering plenty of outdoor recreation for the whole family to enjoy.
Cobden (zip 62920) has an unemployment rate of 6.7%. The US average is 6.0%.
Cobden (zip 62920) has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 27.5%, which is lower than the US average of 33.5%.
Tax Rates for Cobden (zip 62920)
- The Sales Tax Rate for Cobden (zip 62920) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Cobden (zip 62920) 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 Cobden (zip 62920)
- The average income of a Cobden (zip 62920) resident is $24,677 a year. The US average is $28,555 a year.
- The Median household income of a Cobden (zip 62920) resident is $58,984 a year. The US average is $69,021 a year.