Decatur, IL, Zip Code 62523 is an ideal city for those who want to live in a mid-sized city with plenty of amenities. With a population of over 76,000, Decatur offers residents an affordable cost of living. The average 2 Bedroom Rent is $780 per month and the Grocery Cost Index is 85 versus the US average of 100. Popular local companies include ADM, Archer Daniels Midland, Tate & Lyle North America Inc., Catfish Bend Industries LLC and Upward Technologies Inc. Each of these businesses offer great job opportunities and are major contributors to the local economy.
Decatur (zip 62523) has an unemployment rate of 10.3%. The US average is 6.0%.
Decatur (zip 62523) has seen the job market increase by 1.7% 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 Decatur (zip 62523)
- The Sales Tax Rate for Decatur (zip 62523) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Decatur (zip 62523) 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 Decatur (zip 62523)
- The average income of a Decatur (zip 62523) resident is $6,260 a year. The US average is $28,555 a year.
- The Median household income of a Decatur (zip 62523) resident is $11,712 a year. The US average is $69,021 a year.