Hoffman, IL is a small community with a population of 62250. It is conveniently located close to major cities like St Louis and Chicago. The average cost to rent a two bedroom apartment in the area is $880, which is much lower than the US average of $1,430. The grocery cost index in Hoffman is 93 compared to 100 in the US. There are many local businesses in the area such as Korte Trucking Inc., Bank of Carlyle, and Buzzi Unicem USA that provide residents with employment opportunities and services. Hoffman offers affordable living costs while still providing access to big-city amenities.
Hoffman (zip 62250) has an unemployment rate of 3.7%. The US average is 6.0%.
Hoffman (zip 62250) has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 32.6%, which is lower than the US average of 33.5%.
Tax Rates for Hoffman (zip 62250)
- The Sales Tax Rate for Hoffman (zip 62250) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Hoffman (zip 62250) 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 Hoffman (zip 62250)
- The average income of a Hoffman (zip 62250) resident is $22,724 a year. The US average is $28,555 a year.
- The Median household income of a Hoffman (zip 62250) resident is $57,500 a year. The US average is $69,021 a year.