Durand, Illinois (61024) is an attractive area for renters and businesses alike. One of the main benefits of Durand is its affordability with a two bedroom rent of $810 compared to the national average of $1,430. Similarly, groceries in Durand are much more affordable than the US average with a grocery cost index of 91 versus 100 throughout the country. \nFor businesses, Durand has a number of thriving companies that help contribute to the local economy. These include NAPA Auto Parts, Canadian Pacific Railroad, Dollens Electric Supply Co., and Durand Glass & Mirror Co. Inc. These companies offer many job opportunities for locals as well as providing goods and services to the community. As such, these companies help bring economic growth and stability to Durand while also ensuring that residents have access to high-quality products at competitive prices.
Durand (zip 61024) has an unemployment rate of 8.1%. The US average is 6.0%.
Durand (zip 61024) has seen the job market decrease by -9.1% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Durand (zip 61024)
- The Sales Tax Rate for Durand (zip 61024) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Durand (zip 61024) 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 Durand (zip 61024)
- The average income of a Durand (zip 61024) resident is $30,124 a year. The US average is $37,638 a year.
- The Median household income of a Durand (zip 61024) resident is $66,250 a year. The US average is $69,021 a year.