Hull, IL, zip code 62343 is a small town located near the Mississippi River with a population of 859. The cost of living in Hull is lower than the national average, with a 2 bedroom rent of $710 compared to the US average of $1,430. The grocery cost index in Hull is 90 versus 100 in the US.
The economy of Hull is largely driven by agricultural production, including corn and soybeans. Local companies based in Hull include Big River Farms Inc., which produces corn and soybeans for local markets; Wildwood Grain & Feeds, which offers feed services for livestock owners; Tom Sitzemore Trucking Co., which specializes in grain transportation; and Lantz’s Taxidermy Studio & Repair Shop, providing taxidermy for hunting trophies and other items. Hull also has several restaurants that serve the local community.
Hull (zip 62343) has an unemployment rate of 4.8%. The US average is 6.0%.
Hull (zip 62343) has seen the job market decrease by -6.2% over the last year. Future job growth over the next ten years is predicted to be 13.7%, which is lower than the US average of 33.5%.
Tax Rates for Hull (zip 62343)
- The Sales Tax Rate for Hull (zip 62343) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Hull (zip 62343) 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 Hull (zip 62343)
- The average income of a Hull (zip 62343) resident is $24,807 a year. The US average is $37,638 a year.
- The Median household income of a Hull (zip 62343) resident is $52,092 a year. The US average is $69,021 a year.