Zip 62242 (Evansville, IL) Economy


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United States / Illinois / No Metro Area / Randolph County / Evansville / Evansville (zip 62242)
Evansville, IL is a great place to live with an affordable 2 Bedroom Rent of just $690 compared to the US average of $1,430. The Grocery Cost Index in this city is 93 versus 100 in the US, making it relatively inexpensive to shop for groceries. Companies like Sammy's Properties and Evansville Property Management offer competitive rental prices for anyone looking to make Evansville, IL their home. With these options available, tenants can find reasonable prices and quality service when it comes to paying rent in this city.

Evansville (zip 62242) has an unemployment rate of 4.4%. The US average is 6.0%.

Evansville (zip 62242) has seen the job market decrease by -7.7% over the last year. Future job growth over the next ten years is predicted to be 25.7%, which is lower than the US average of 33.5%.

Tax Rates for Evansville (zip 62242)
- The Sales Tax Rate for Evansville (zip 62242) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Evansville (zip 62242) 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 Evansville (zip 62242)
- The average income of a Evansville (zip 62242) resident is $25,339 a year. The US average is $37,638 a year.
- The Median household income of a Evansville (zip 62242) resident is $44,375 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyEvansville, IllinoisUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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