Zip 62440 (Lerna, IL) Economy


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Lerna, IL (zip code 62440) is situated in Coles County and has a population of 681. It has become a popular destination for people seeking a more peaceful life away from the big city as it offers stunning natural beauty and plenty of outdoor activities. For those looking to rent, the average 2 bedroom apartment costs $780 per month, which is significantly lower than the US average of $1430. Grocery costs are also low in Lerna with an index of 93 compared to 100 nationally. Businesses in this area include family-owned grocery stores, hardware stores, and other small businesses owned by local residents. There are also several farms that provide fresh produce to the town's citizens. In addition, there are some larger businesses located nearby such as Subway, Pizza Hut, Walmart Supercenter, Dollar General Store, and McDonalds that provide employment opportunities for locals.

Lerna (zip 62440) has an unemployment rate of 5.6%. The US average is 6.0%.

Lerna (zip 62440) has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 33.3%, which is lower than the US average of 33.5%.

Tax Rates for Lerna (zip 62440)
- The Sales Tax Rate for Lerna (zip 62440) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Lerna (zip 62440) 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 Lerna (zip 62440)
- The average income of a Lerna (zip 62440) resident is $26,155 a year. The US average is $28,555 a year.
- The Median household income of a Lerna (zip 62440) resident is $50,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLerna, IllinoisUnited States
  5.66
  -6.7%-6.2%
  33.3%33.5%
  7.3%6.2%
  5.0%4.6%
  $30,287$37,638
  $50,500$69,021
  $70,110$85,028
  Population by Occupation
  3.0%1.2%
  0.0%0.5%
  12.0%6.8%
  5.2%10.0%
  0.3%2.5%
  11.3%11.0%
  4.2%4.8%
  0.0%0.8%
  1.2%1.9%
  0.3%4.7%
  1.2%1.9%
  0.0%7.6%
  0.0%0.1%
  0.2%4.2%
  9.5%9.3%
  14.9%14.0%
  12.3%2.1%
  0.5%7.0%
  15.5%4.8%
  8.3%4.7%
Health