Dallas City, IL (Zip Code 62330) is an economically vibrant area in the Midwest. It is home to a number of companies that have had a positive impact on the local economy. For instance, there are two major agricultural companies in Dallas City: Big Tex Farms and McCain Produce. Big Tex Farms has been providing produce to local markets since 1958, while McCain Produce has been a staple in the community since 1920. Both companies employ more than 100 people and have contributed significantly to Dallas City's economic stability over the years.
The cost of living in Dallas City is also quite affordable. The average rent for two bedrooms is only $680, making it much more reasonable than most other cities in the US where it averages around $1,430 per month. Additionally, grocery costs are about 8% lower than the US average index – an appealing factor for those looking to save money on food purchases.
Overall, Dallas City provides its residents with a strong economic base and affordable lifestyle thanks to its many locally-owned businesses and favorable pricing options on basic necessities like housing and groceries.
Dallas City (zip 62330) has an unemployment rate of 5.3%. The US average is 6.0%.
Dallas City (zip 62330) has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 17.2%, which is lower than the US average of 33.5%.
Tax Rates for Dallas City (zip 62330)
- The Sales Tax Rate for Dallas City (zip 62330) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Dallas City (zip 62330) 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 Dallas City (zip 62330)
- The average income of a Dallas City (zip 62330) resident is $21,781 a year. The US average is $28,555 a year.
- The Median household income of a Dallas City (zip 62330) resident is $45,750 a year. The US average is $69,021 a year.