Cypress, Illinois is a small town located in Union County with a population of 629. It is an affordable place to live with two bedroom rent costing $1,120 per month compared to the US average of $1,430 making it a great option for those looking to save money. The grocery cost index in Cypress is 92 compared to the US average of 100 which further adds to its affordability. Local businesses in Cypress include Union County Hardware & Garden Center, Grover's Pizza and Cafe' de le Paz Mexican Restaurant. All these factors make living in Cypress extremely affordable and offer a great quality of life at an economical price point.
Cypress (zip 62923) has an unemployment rate of 6.7%. The US average is 6.0%.
Cypress (zip 62923) has seen the job market decrease by -4.4% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.
Tax Rates for Cypress (zip 62923)
- The Sales Tax Rate for Cypress (zip 62923) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Cypress (zip 62923) 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 Cypress (zip 62923)
- The average income of a Cypress (zip 62923) resident is $31,800 a year. The US average is $37,638 a year.
- The Median household income of a Cypress (zip 62923) resident is $56,250 a year. The US average is $69,021 a year.