Zip 62035 (Godfrey, IL) Economy


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Godfrey, IL 62035 is a charming village located just outside of St. Louis, Missouri in Madison County. It is a part of the Edwardsville School District that offers excellent educational opportunities for families and students alike. The 2-bedroom rent in Godfrey averages $1,000, whereas the US average for a 2-bedroom apartment is $1,430. The cost of living in Godfrey is also lower than the national average with its Grocery Cost Index at 95 compared to 100 in the US overall.
Godfrey has many local businesses such as Furry Paws Grooming & Boutique, Godfrey Feed & Seed Co., and Pistorius Woodworking that contribute to the local economy. There are also plenty of recreational activities to enjoy along with numerous parks located throughout the village such as Gordon Moore Park and Glazebrook Park that offer outdoor sports facilities, hiking trails, and ponds for fishing or swimming. With its low cost of living and abundance of local amenities, Godfrey provides an ideal home for those who want an affordable community with plenty to do right at their doorstep.

Godfrey (zip 62035) has an unemployment rate of 5.4%. The US average is 6.0%.

Godfrey (zip 62035) has seen the job market decrease by -6.8% over the last year. Future job growth over the next ten years is predicted to be 31.5%, which is lower than the US average of 33.5%.

Tax Rates for Godfrey (zip 62035)
- The Sales Tax Rate for Godfrey (zip 62035) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Godfrey (zip 62035) 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 Godfrey (zip 62035)
- The average income of a Godfrey (zip 62035) resident is $39,435 a year. The US average is $37,638 a year.
- The Median household income of a Godfrey (zip 62035) resident is $75,477 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGodfrey, IllinoisUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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