Zip 62538 (Harvel, IL) Economy


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United States / Illinois / No Metro Area / Montgomery County / Harvel / Harvel (zip 62538)
62538 Harvel, IL is a small rural community located about 25 miles south of Springfield. It is home to a number of local businesses that provide services to the local area. Among them are Harvel Store & Fuel, which offers general merchandise items, fuel, and automotive supplies; Harvel Lumber & Supply Co., which sells lumber and building materials; Pogue Auto Repair, which specializes in vehicle repair and maintenance; and White River Logistics Solutions, a trucking company that provides transportation services for products in the region. Residents of 62538 Harvel have access to affordable housing at an average 2-bedroom rent of $690 compared to the U.S. average of $1,430 and lower grocery costs with an index score of 91 versus 100 nationally.

Harvel (zip 62538) has an unemployment rate of 6.4%. The US average is 6.0%.

Harvel (zip 62538) has seen the job market decrease by -6.6% over the last year. Future job growth over the next ten years is predicted to be 26.7%, which is lower than the US average of 33.5%.

Tax Rates for Harvel (zip 62538)
- The Sales Tax Rate for Harvel (zip 62538) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Harvel (zip 62538) 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 Harvel (zip 62538)
- The average income of a Harvel (zip 62538) resident is $25,560 a year. The US average is $37,638 a year.
- The Median household income of a Harvel (zip 62538) resident is $52,361 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHarvel, 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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