Farmer City, IL (61842) is a great place to live with its low cost of living compared to the US. The 2 bedroom rent in Farmer City is only $1,010 compared to the US average of $1,430. Also, the grocery cost index in Farmer City is 93 versus 100 in the US, making it an attractive option for those looking for an affordable lifestyle. This city has many local companies who offer a plethora of services to make life easier for its inhabitants. For instance, there's Farmers State Bank which offers financial solutions such as mortgages and auto loans. Another great business is P & K Food Equipment which provides restaurant equipment repair and maintenance services. Finally, Farmer City Family Dental provides excellent dental care with experienced dentists and hygienists who are committed to providing quality service. With all these businesses providing top-notch services at reasonable prices, it's no wonder why so many people have chosen to call Farmer City home!
Farmer City (zip 61842) has an unemployment rate of 5.4%. The US average is 6.0%.
Farmer City (zip 61842) has seen the job market decrease by -7.0% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Farmer City (zip 61842)
- The Sales Tax Rate for Farmer City (zip 61842) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Farmer City (zip 61842) 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 Farmer City (zip 61842)
- The average income of a Farmer City (zip 61842) resident is $33,949 a year. The US average is $37,638 a year.
- The Median household income of a Farmer City (zip 61842) resident is $61,000 a year. The US average is $69,021 a year.