Jacksonville, IL (zip code 62650) is an ideal place for those looking for a home in the midwest. With an average 2 bedroom rent of only $800, it offers an affordable alternative to the national average of $1,430. Additionally, Jacksonville’s grocery cost index is 93 compared to 100 in the US making it a relatively inexpensive place to live. The area has many job opportunities with major employers such as Passavant Area Hospital and Illinois College providing employment opportunities. Furthermore, plenty of shopping centers and local restaurants offer entertainment for locals and visitors alike. Residents can enjoy activities like shopping at White Oaks Mall or dining at popular local spots like Maples Mill Restaurant & Pub. Overall, Jacksonville's low cost of living combined with its abundance of job opportunities make it a great place to call home.
Jacksonville (zip 62650) has an unemployment rate of 5.5%. The US average is 6.0%.
Jacksonville (zip 62650) has seen the job market decrease by -7.0% over the last year. Future job growth over the next ten years is predicted to be 17.7%, which is lower than the US average of 33.5%.
Tax Rates for Jacksonville (zip 62650)
- The Sales Tax Rate for Jacksonville (zip 62650) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Jacksonville (zip 62650) 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 Jacksonville (zip 62650)
- The average income of a Jacksonville (zip 62650) resident is $29,660 a year. The US average is $37,638 a year.
- The Median household income of a Jacksonville (zip 62650) resident is $54,108 a year. The US average is $69,021 a year.