62954 Junction, IL is a small-sized city located in the state of Illinois. It has a low population but offers a high quality of life for its residents. The average 2 bedroom rent in Junction is quite low at just $700, compared to the US average of $1,430; making it an attractive place to live for those looking for affordability without compromising on lifestyle choices. The grocery cost index in Junction is also lower than that of the US, standing at 94 compared to 100 nationally. There are many local companies operating within the area including The Junction Diner, Nightlife Bar & Grill, and Bistro 111. Overall, Junction offers a low cost of living coupled with access to excellent employment opportunities and amenities; making it an ideal location for those looking to relocate or just for a weekend getaway.
Junction (zip 62954) has an unemployment rate of 6.4%. The US average is 6.0%.
Junction (zip 62954) has seen the job market decrease by -17.2% over the last year. Future job growth over the next ten years is predicted to be 23.6%, which is lower than the US average of 33.5%.
Tax Rates for Junction (zip 62954)
- The Sales Tax Rate for Junction (zip 62954) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Junction (zip 62954) 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 Junction (zip 62954)
- The average income of a Junction (zip 62954) resident is $50,580 a year. The US average is $37,638 a year.
- The Median household income of a Junction (zip 62954) resident is $54,962 a year. The US average is $69,021 a year.