Effingham, IL is a great place to call home. With it's population of 12,327 as of 2019, Effingham is a small town with lots to offer. The 2 bedroom rent in Effingham is $770 which is much more affordable than the US average of $1,430. Grocery Cost Index in Effingham is 95 versus 100 in the US making it very affordable to live here. There are plenty of local companies and attractions to enjoy including Midland States Bank, Crossroads Bank, Keller’s Flea Market and Wildflower Café & Coffee house. Effingham also has several parks like Evergreen Hollow Park and Sportsman Lake Park for residents and visitors alike to enjoy year round activities.
Effingham (zip 62401) has an unemployment rate of 4.5%. The US average is 6.0%.
Effingham (zip 62401) has seen the job market increase by 2.2% 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 Effingham (zip 62401)
- The Sales Tax Rate for Effingham (zip 62401) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Effingham (zip 62401) 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 Effingham (zip 62401)
- The average income of a Effingham (zip 62401) resident is $29,192 a year. The US average is $28,555 a year.
- The Median household income of a Effingham (zip 62401) resident is $64,220 a year. The US average is $69,021 a year.