Zip 62842 (Geff, IL) Economy


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United States / Illinois / No Metro Area / Wayne County / No City / Geff (zip 62842)
Geff, IL 62842 is a small town located in Wayne County. With a population of less than 500 people, this rural community offers a relaxed, rural living experience to its residents. The median two-bedroom rent for the area is $700, which is significantly lower than the US median of $1,430. The Grocery Cost Index in Geff is 91 compared to 100 in the US, making it an affordable place to live with plenty of local amenities and services available. Businesses around Geff include Greg's Grocery & Bakery, Clark's Hardware Store, Limestone Bank and The Cheese Factory Restaurant. There are also several local churches and schools such as Geff Christian Church and Geff Elementary School for residents to enjoy as well.

Geff (zip 62842) has an unemployment rate of 5.4%. The US average is 6.0%.

Geff (zip 62842) has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 6.2%, which is lower than the US average of 33.5%.

Tax Rates for Geff (zip 62842)
- The Sales Tax Rate for Geff (zip 62842) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Geff (zip 62842) 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 Geff (zip 62842)
- The average income of a Geff (zip 62842) resident is $29,747 a year. The US average is $37,638 a year.
- The Median household income of a Geff (zip 62842) resident is $48,304 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGeff, IllinoisUnited States
  5.46
  -6.8%-6.2%
  6.2%33.5%
  7.0%6.2%
  5.0%4.6%
  $29,747$37,638
  $48,304$69,021
  $62,361$85,028
  Population by Occupation
  3.1%1.2%
  0.0%0.5%
  6.5%6.8%
  14.4%10.0%
  7.6%2.5%
  12.4%11.0%
  1.7%4.8%
  0.0%0.8%
  0.0%1.9%
  0.3%4.7%
  0.0%1.9%
  4.5%7.6%
  0.0%0.1%
  3.8%4.2%
  10.7%9.3%
  17.5%14.0%
  1.7%2.1%
  5.8%7.0%
  4.5%4.8%
  5.5%4.7%
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