Equality, IL is a small town with an estimated population of 62934. The cost of living in Equality is very affordable, with the average two-bedroom rent estimated at $700 compared to the national average of $1430. Also, the local grocery cost index stands at 91 when compared to the national average of 100. Equality is home to several businesses including Davinci's Pizza, which has been serving the area for over 20 years, and Quality Auto Parts & Supply, established in 1980. Other notable local companies include Riverside Florist and Ellison's Hardware Store. Each of these family-owned businesses have been providing quality products and services to residents of Equality for many years.
Equality (zip 62934) has an unemployment rate of 6.4%. The US average is 6.0%.
Equality (zip 62934) has seen the job market decrease by -17.2% over the last year. Future job growth over the next ten years is predicted to be 23.6%, which is lower than the US average of 33.5%.
Tax Rates for Equality (zip 62934)
- The Sales Tax Rate for Equality (zip 62934) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Equality (zip 62934) 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 Equality (zip 62934)
- The average income of a Equality (zip 62934) resident is $49,315 a year. The US average is $37,638 a year.
- The Median household income of a Equality (zip 62934) resident is $58,125 a year. The US average is $69,021 a year.