60938 Gilman, IL is a small town located in Iroquois County, Illinois. This charming community offers its residents peaceful living with an average 2-bedroom rent of $760 per month. Compared to the rest of the US where the average 2-bedroom rent is $1,430, there is a clear cost savings for those living in Gilman. In addition to affordable housing options, grocery costs in Gilman are also lower than the national average due to its low Grocery Cost Index rating of 92 compared to 100 in the US.
Local business owners can take advantage of this cost savings and many have chosen to set up shop in Gilman including Osage Country Store & Restaurant, Fred's Automotive Repair Inc., and Jackson's Antiques and collectibles. Together they make up a tight knit business community that provides all of the necessary services for residents as well as visitors.
Gilman (zip 60938) has an unemployment rate of 5.6%. The US average is 6.0%.
Gilman (zip 60938) 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 27.3%, which is lower than the US average of 33.5%.
Tax Rates for Gilman (zip 60938)
- The Sales Tax Rate for Gilman (zip 60938) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Gilman (zip 60938) 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 Gilman (zip 60938)
- The average income of a Gilman (zip 60938) resident is $29,070 a year. The US average is $37,638 a year.
- The Median household income of a Gilman (zip 60938) resident is $62,045 a year. The US average is $69,021 a year.