Edgewood, IL is a small town located in the southern part of the state with a population of 62426. Due to its size and location, Edgewood offers low rental costs compared to other parts of the country. The median 2 bedroom rent in Edgewood is $690 which is significantly lower than the US median rent of $1,430. Additionally, the grocery cost index in Edgewood is 91 versus 100 in the US which further reduces overall living expenses. Local businesses for residents of Edgewood include Country Store & More, Pizza Man Restaurant and Bar, and Ace Hardware – all offering great shopping and dining experiences.
Edgewood (zip 62426) has an unemployment rate of 4.5%. The US average is 6.0%.
Edgewood (zip 62426) has seen the job market decrease by -4.1% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.
Tax Rates for Edgewood (zip 62426)
- The Sales Tax Rate for Edgewood (zip 62426) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Edgewood (zip 62426) 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 Edgewood (zip 62426)
- The average income of a Edgewood (zip 62426) resident is $28,803 a year. The US average is $37,638 a year.
- The Median household income of a Edgewood (zip 62426) resident is $51,172 a year. The US average is $69,021 a year.