Granite City, IL (62040) is located in the metro-east area of St. Louis, MO. It has a population of 29,849 according to the 2019 US Census Bureau estimates. The median 2 bedroom rent in Granite City is $830 which is lower than the national median of $1,430. On top of that, the Grocery Cost Index in this city is 92 compared to 100 across the United States.
In Granite City, residents can enjoy many local attractions like National Shrine of Our Lady of the Snows and nearby Grant's Farm. There are also plenty of local companies in Granite City that provide employment opportunities and services for residents including: U.S. Steel Granite City Works, Belterra Park Gaming & Entertainment Center, Gateway Regional Medical Center, Southwestern Illinois College and more. With its affordable rents and grocery costs as well as its plentiful amenities and businesses, Granite City is an ideal place for people looking for a place to live with a good cost of living!
Granite City (zip 62040) has an unemployment rate of 7.0%. The US average is 6.0%.
Granite City (zip 62040) has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Granite City (zip 62040)
- The Sales Tax Rate for Granite City (zip 62040) is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Granite City (zip 62040) 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 Granite City (zip 62040)
- The average income of a Granite City (zip 62040) resident is $23,194 a year. The US average is $28,555 a year.
- The Median household income of a Granite City (zip 62040) resident is $53,449 a year. The US average is $69,021 a year.