The small town of Hoopeston, IL (60942) offers residents an affordable cost of living compared to other parts of the United States. The average two bedroom rental is just $780 per month - significantly lower than the US average which is $1430. Grocery costs are also lower in Hoopeston with an index rating of 90 versus the US 100. This town is a great choice for those looking to save money while still enjoying all that small-town America has to offer. Companies like AGCO Corporation, GEICO Insurance Agency, and Helistream Aviation provide employment opportunities for locals. With its low rental rates and grocery costs, Hoopeston is a great place for those looking to maintain their budget while still experiencing life in the Midwest.
Hoopeston (zip 60942) has an unemployment rate of 6.9%. The US average is 6.0%.
Hoopeston (zip 60942) has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 17.5%, which is lower than the US average of 33.5%.
Tax Rates for Hoopeston (zip 60942)
- The Sales Tax Rate for Hoopeston (zip 60942) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Hoopeston (zip 60942) 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 Hoopeston (zip 60942)
- The average income of a Hoopeston (zip 60942) resident is $22,386 a year. The US average is $37,638 a year.
- The Median household income of a Hoopeston (zip 60942) resident is $43,444 a year. The US average is $69,021 a year.