Lewistown, IL (61542) is a small town with a population of around 2000 people located in Fulton County. The cost of living here is relatively low, with 2 bedroom rent at $770 compared to the US average of $1,430 and grocery costs index at 93 compared to 100 in the US. Becoming more popular as a commuter-town due to its proximity to larger cities such as Peoria, businesses in Lewistown tend to cater towards services such as banking, legal services and real estate. Additionally there are companies geared towards providing products such as farm equipment suppliers, construction material providers and auto repair shops. Led by industries such as healthcare and social assistance, educational services and manufacturing, the local economy has seen steady growth over the years.
Lewistown (zip 61542) has an unemployment rate of 6.6%. The US average is 6.0%.
Lewistown (zip 61542) has seen the job market decrease by -7.2% over the last year. Future job growth over the next ten years is predicted to be 21.1%, which is lower than the US average of 33.5%.
Tax Rates for Lewistown (zip 61542)
- The Sales Tax Rate for Lewistown (zip 61542) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Lewistown (zip 61542) 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 Lewistown (zip 61542)
- The average income of a Lewistown (zip 61542) resident is $31,038 a year. The US average is $37,638 a year.
- The Median household income of a Lewistown (zip 61542) resident is $66,086 a year. The US average is $69,021 a year.