The small town of Concord, IL (zip code 62631), sits in the rural western portion of Macon County. This quiet community is home to approximately 1,100 people and offers a quaint atmosphere where neighbors know one another. The median 2 bedroom rent for the area is $800, which is significantly lower than the national average of $1,430. Grocery costs are also largely affordable with an index rating of 91 versus 100 for the US.
Concord has a variety of local companies that help keep the economy going in this small town. These include C&D Lawn & Tree Service, Inc., G&S Family Farm, Lyons Transport LLC, Curry's Auto Body & Repair Center and Olde Tyme Country Store. All these businesses are dedicated to providing excellent service while helping their customers prosper and grow right along with them.
Concord (zip 62631) has an unemployment rate of 5.5%. The US average is 6.0%.
Concord (zip 62631) 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 17.7%, which is lower than the US average of 33.5%.
Tax Rates for Concord (zip 62631)
- The Sales Tax Rate for Concord (zip 62631) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Concord (zip 62631) 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 Concord (zip 62631)
- The average income of a Concord (zip 62631) resident is $28,403 a year. The US average is $37,638 a year.
- The Median household income of a Concord (zip 62631) resident is $47,813 a year. The US average is $69,021 a year.