Liberty, IL is a small city located in Adams County with a population of 62347. It is notably known for its low cost of living and affordable rent prices; a 2 bedroom apartment typically costs around $810 per month compared to the national average of $1430. The city also has a Grocery Cost Index of 93 compared to the US average of 100.
Local companies in Liberty include NAPA Auto Parts, Freedom Savings Bank, and Liberty Farmers Insurance Agency. It is home to several attractions such as Hess Park which includes tennis courts and pavilions and Liberty Lake located in historic Liberty Park which offers fishing opportunities, a beach area, boat rentals, and more. An interesting fact about Liberty is that it is home to the world’s largest horseshoe tournament held annually since 1895 by the Midwest Horseshoe Pitchers Association.
Liberty (zip 62347) has an unemployment rate of 4.4%. The US average is 6.0%.
Liberty (zip 62347) has seen the job market decrease by -6.3% over the last year. Future job growth over the next ten years is predicted to be 28.6%, which is lower than the US average of 33.5%.
Tax Rates for Liberty (zip 62347)
- The Sales Tax Rate for Liberty (zip 62347) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Liberty (zip 62347) 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 Liberty (zip 62347)
- The average income of a Liberty (zip 62347) resident is $29,539 a year. The US average is $37,638 a year.
- The Median household income of a Liberty (zip 62347) resident is $68,885 a year. The US average is $69,021 a year.