Jacob, IL is a small town located in Randolph County with a population of 62950. It has easy access to dining, shopping, and entertainment due to its proximity to larger towns such as St. Louis and Belleville. For those looking for an affordable place to live, Jacob's rent for a two-bedroom apartment averages around $760, much lower than the US average of $1,430. Additionally, groceries are also more affordable in Jacob compared to the national average with the Grocery Cost Index being 92 versus 100 in the US.
Jacob offers residents numerous amenities such as parks, libraries, golf courses, churches, and museums. Business owners will find various companies that suit their needs ranging from corporate entities to local family-run businesses. Popular attractions include the Cahokia Mounds State Historic Site which is a Native American archaeological site located just west of town and World Shooting & Recreational Complex which hosts world-class sporting events in addition to recreational activities for all ages.
Jacob (zip 62950) has an unemployment rate of 5.9%. The US average is 6.0%.
Jacob (zip 62950) has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 21.5%, which is lower than the US average of 33.5%.
Tax Rates for Jacob (zip 62950)
- The Sales Tax Rate for Jacob (zip 62950) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Jacob (zip 62950) 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 Jacob (zip 62950)
- The average income of a Jacob (zip 62950) resident is $17,083 a year. The US average is $28,555 a year.
- The Median household income of a Jacob (zip 62950) resident is $100,313 a year. The US average is $69,021 a year.