Homer, IL is a small town situated in Champaign County with a population of 61849 people. It is known for its unique culture and community spirit. The average rent for a 2 bedroom apartment in Homer is $880, while the US average for such an accommodation is $1,430 – making it more affordable than most locations in the country. Grocery costs in Homer are also relatively low, with an index mark of 94 compared to the national 100.
Businesses around Homer include major stores such as Jewel-Osco and Aldi, as well as smaller boutiques like the Vintage Boutique and Knot Just Yarns. Restaurants around the area include popular chain eateries such as McDonald’s, Arby’s and Taco Bell but also local favorites like Bluebird Cafe and Pizzaria Antons. Residents can also enjoy a range of activities ranging from shopping at Lincoln Square Mall to hiking at Lake of the Woods Park. When compared to other towns across America, Homer stands out with its lower rent costs and abundance of activities that locals can take advantage of.
Homer (zip 61849) has an unemployment rate of 5.0%. The US average is 6.0%.
Homer (zip 61849) has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Homer (zip 61849)
- The Sales Tax Rate for Homer (zip 61849) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Homer (zip 61849) 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 Homer (zip 61849)
- The average income of a Homer (zip 61849) resident is $33,234 a year. The US average is $28,555 a year.
- The Median household income of a Homer (zip 61849) resident is $86,250 a year. The US average is $69,021 a year.