Zip 62921 (Colp, IL) Economy


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62921 Colp, IL is an ideal place to live if you are looking for a balance between affordability and convenience. The 2 bedroom rent in Colp is significantly lower than that of the US average, at just $780 compared to $1,430. Similarly, the grocery cost index in Colp, Illinois is 89 as opposed to the 100 in the US. This allows residents of 62921 Colp to enjoy convenient shopping from local retailers such as Walmart Supercenter, Dollar General, and Aldi without breaking their budget. With its affordable costs of living, 62921 Colp is an excellent choice for those looking for a safe and friendly community to call home.

Colp (zip 62921) has an unemployment rate of 6.2%. The US average is 6.0%.

Colp (zip 62921) has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 22.5%, which is lower than the US average of 33.5%.

Tax Rates for Colp (zip 62921)
- The Sales Tax Rate for Colp (zip 62921) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Colp (zip 62921) 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 Colp (zip 62921)
- The average income of a Colp (zip 62921) resident is $14,054 a year. The US average is $37,638 a year.
- The Median household income of a Colp (zip 62921) resident is $15,417 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyColp, IllinoisUnited States
  6.26
  -6.8%-6.2%
  22.5%33.5%
  7.3%6.2%
  5.0%4.6%
  $14,054$37,638
  $15,417$69,021
  $16,000$85,028
  Population by Occupation
  6.9%1.2%
  2.0%0.5%
  10.9%6.8%
  11.9%10.0%
  0.0%2.5%
  11.9%11.0%
  4.0%4.8%
  0.0%0.8%
  0.0%1.9%
  3.0%4.7%
  0.0%1.9%
  13.9%7.6%
  0.0%0.1%
  9.9%4.2%
  5.0%9.3%
  6.9%14.0%
  0.0%2.1%
  4.0%7.0%
  0.0%4.8%
  9.9%4.7%
Health