Ferris, IL (62336) is a small town located in the state of Illinois. Despite its size, Ferris has a lot to offer its residents. The 2 bedroom rent for this area is $690 which is much lower than the US average of $1,430. Additionally, the cost of living index for Ferris is 90 compared to 100 in the US. This means that residents can get more bang for their buck when it comes to everyday items like groceries and other essentials.
There are many local businesses in Ferris such as Schutt Logistics Inc., Stant Manufacturing Corporation, and Big Lots Distribution Center that employ members of the community and help keep prices competitive. All in all, Ferris provides a great quality of life at an affordable price when compared to larger cities across the country.
Ferris (zip 62336) has an unemployment rate of 5.3%. The US average is 6.0%.
Ferris (zip 62336) has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 17.2%, which is lower than the US average of 33.5%.
Tax Rates for Ferris (zip 62336)
- The Sales Tax Rate for Ferris (zip 62336) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Ferris (zip 62336) 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 Ferris (zip 62336)
- The average income of a Ferris (zip 62336) resident is $26,353 a year. The US average is $37,638 a year.
- The Median household income of a Ferris (zip 62336) resident is $38,750 a year. The US average is $69,021 a year.