61241 Colona, IL is a small village located in the Henry County section of Northern Illinois. The average 2 bedroom rent in this area is $900 which is approximately 36% lower than the national average of $1,430. In addition to affordable housing, 61241 Colona, IL also has a low cost of living index which sits at 94 compared to 100 nationally. This makes it an attractive place for retirees and young families alike. Some local companies in the area are F&M Bank & Trust Company, United Community Bank and All American Blueprinting & Drafting Inc. Additionally, the cost of living index for Illinois as a whole sits at 90 compared to 100 nationally – making it even more attractive to those looking for value in their housing and lifestyle choices.
Colona (zip 61241) has an unemployment rate of 5.9%. The US average is 6.0%.
Colona (zip 61241) has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 27.4%, which is lower than the US average of 33.5%.
Tax Rates for Colona (zip 61241)
- The Sales Tax Rate for Colona (zip 61241) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Colona (zip 61241) 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 Colona (zip 61241)
- The average income of a Colona (zip 61241) resident is $25,497 a year. The US average is $28,555 a year.
- The Median household income of a Colona (zip 61241) resident is $70,208 a year. The US average is $69,021 a year.