Zip 61250 (Erie, IL) Economy


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Erie, IL (zip code 61250) is a small yet vibrant community located in Whiteside County. It is known for its peaceful atmosphere and affordability, with 2 bedroom rent averaging just $920 compared to the US average of $1,430. Grocery costs are also lower than average in Erie, with an index value of 93 compared to 100 in the US.
Erie's local businesses include The Wagon Wheel Restaurant & Lounge which serves classic American diner food; Unkel Joe's Country Emporium which offers antiques and curiosities; and the Mill Creek Golf Club where golfers can enjoy a challenging 18-hole course. With its affordable housing, low cost of living, and strong business presence, Erie provides a great place for families and individuals looking to settle down in a rural area.

Erie (zip 61250) has an unemployment rate of 5.4%. The US average is 6.0%.

Erie (zip 61250) has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.

Tax Rates for Erie (zip 61250)
- The Sales Tax Rate for Erie (zip 61250) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Erie (zip 61250) 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 Erie (zip 61250)
- The average income of a Erie (zip 61250) resident is $27,684 a year. The US average is $28,555 a year.
- The Median household income of a Erie (zip 61250) resident is $80,197 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyErie, IllinoisUnited States
  5.46
  -7.8%-6.2%
  24.5%33.5%
  7.3%6.2%
  5.0%4.6%
  $34,227$37,638
  $80,197$69,021
  $74,357$85,028
  Population by Occupation
  3.6%1.2%
  0.0%0.5%
  7.0%6.8%
  13.1%10.0%
  1.9%2.5%
  8.5%11.0%
  2.9%4.8%
  3.7%0.8%
  2.2%1.9%
  5.7%4.7%
  0.3%1.9%
  2.9%7.6%
  0.0%0.1%
  3.6%4.2%
  9.8%9.3%
  20.5%14.0%
  0.3%2.1%
  4.8%7.0%
  6.5%4.8%
  2.8%4.7%
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