Holcomb, IL (61043) is a small rural community located in Whitley County. It has an estimated population of around 700 people according to the latest census. The median 2 Bedroom rental in Holcomb is $860, which is significantly lower than the US average of $1,430 for the same type of accommodation. Additionally, the Grocery Cost Index in Holcomb is 91 compared to the US national average of 100; this means it’s cheaper to buy groceries there than other places. Many locals rely on convenience stores like Family Express and Lincolnway Grocery or chains like Dollar General for their daily needs. Those looking for fresh produce should check out local farmers markets and specialty food stores such as Hilltop Market and Bear Point Farm Market & Deli.
Holcomb (zip 61043) has an unemployment rate of 6.3%. The US average is 6.0%.
Holcomb (zip 61043) has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 21.9%, which is lower than the US average of 33.5%.
Tax Rates for Holcomb (zip 61043)
- The Sales Tax Rate for Holcomb (zip 61043) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Holcomb (zip 61043) 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 Holcomb (zip 61043)
- The average income of a Holcomb (zip 61043) resident is $29,307 a year. The US average is $28,555 a year.
- The Median household income of a Holcomb (zip 61043) resident is $51,250 a year. The US average is $69,021 a year.