Gorham, IL (62940) is a small town located in south-east Illinois with a population of around 400 people. The 2 bedroom rent for this area is quite affordable at $790 per month compared to the US average of $1,430. Additionally, the cost of groceries in Gorham is 96 versus 100 in the US, meaning it’s slightly cheaper to buy food for your family here than elsewhere. There are several local businesses to enjoy in Gorham such as Saline County Furniture Store and Lively Tile & Flooring which offer great deals on furniture and flooring materials respectively. With its low rent prices and cost of living, Gorham is an excellent place to live without breaking your budget.
Gorham (zip 62940) has an unemployment rate of 5.9%. The US average is 6.0%.
Gorham (zip 62940) has seen the job market decrease by -6.9% over the last year. Future job growth over the next ten years is predicted to be 21.5%, which is lower than the US average of 33.5%.
Tax Rates for Gorham (zip 62940)
- The Sales Tax Rate for Gorham (zip 62940) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Gorham (zip 62940) 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 Gorham (zip 62940)
- The average income of a Gorham (zip 62940) resident is $16,028 a year. The US average is $37,638 a year.
- The Median household income of a Gorham (zip 62940) resident is $43,438 a year. The US average is $69,021 a year.