Frederick, IL (62639) is a small town in Illinois with a population of just 474 people. This small town offers a cost of living that is cheaper than the US average. For example, 2 bedroom rent is $770 compared to the US average of $1430 and the grocery cost index in Frederick is 93 versus 100 in the US.
The town of Frederick has a few local businesses which makes it great for those who prefer to shop locally and support their community. Some of these businesses include Amaya's Grocery, Little Acres Dairy Farm, D & S Excavating, and Elmore’s Automotive Services.
Overall, Frederick offers a reasonable cost of living with its affordable rental prices and low grocery costs index. With its local businesses, residents can feel comfortable shopping locally and supporting their community while saving money on expenses.
Frederick (zip 62639) has an unemployment rate of 4.9%. The US average is 6.0%.
Frederick (zip 62639) 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 16.6%, which is lower than the US average of 33.5%.
Tax Rates for Frederick (zip 62639)
- The Sales Tax Rate for Frederick (zip 62639) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Frederick (zip 62639) 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 Frederick (zip 62639)
- The average income of a Frederick (zip 62639) resident is $34,365 a year. The US average is $37,638 a year.
- The Median household income of a Frederick (zip 62639) resident is $0 a year. The US average is $69,021 a year.