Dewey, Illinois (zip code 61840) is a small town with an estimated population of 3,476 people. The cost of living here is fairly low when compared to the national average, as 2 Bedroom Rent in Dewey is only $990 per month versus the US average of $1,430. Additionally, the Grocery Cost Index here is 101 versus the US average of 100. This makes Dewey an attractive place to live for those looking for affordability.
The town has a few local companies that are key to its economy. Farmer’s Pride Inc., based in nearby Urbana, processes poultry and distributes it throughout the Midwest and beyond from this area. Electric utility company Ameren supplies power to over 1 million customers in Illinois and Missouri and also has facilities located in Dewey. Another important employer here is Consolidated Communications which provides phone services to many parts of Illinois and other states as well.
Dewey (zip 61840) has an unemployment rate of 5.0%. The US average is 6.0%.
Dewey (zip 61840) has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Dewey (zip 61840)
- The Sales Tax Rate for Dewey (zip 61840) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Dewey (zip 61840) 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 Dewey (zip 61840)
- The average income of a Dewey (zip 61840) resident is $37,468 a year. The US average is $37,638 a year.
- The Median household income of a Dewey (zip 61840) resident is $76,563 a year. The US average is $69,021 a year.