60948 Loda, IL is a small town located in Iroquois County. The town has been growing over the past few years due to its close proximity to bigger cities such as Danville and Champaign-Urbana. The town only has a population of around 300 people, making it a great spot for those looking for seclusion and peace. The two bedroom rent in Loda is $850 per month, which is much lower than the US average of $1,430 per month. Grocery costs in Loda are also cheaper compared to other places with an index of 95 versus the US average of 100.
Loda is home to several local businesses such as Backwoods Burgers & BBQ, Tucker's Bar & Grill, Dees Feed Store and Hopkins' True Value Hardware Store. There are also many volunteer organizations in town such as the Lions Club and Rotary Club that provide assistance for anyone who needs it. Living cost in Loda is very affordable when compared to other towns in the area making it an ideal place for those on a budget or who want more bang for their buck when it comes to rental costs or grocery costs.
Loda (zip 60948) has an unemployment rate of 5.6%. The US average is 6.0%.
Loda (zip 60948) has seen the job market decrease by -7.7% over the last year. Future job growth over the next ten years is predicted to be 27.3%, which is lower than the US average of 33.5%.
Tax Rates for Loda (zip 60948)
- The Sales Tax Rate for Loda (zip 60948) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Loda (zip 60948) 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 Loda (zip 60948)
- The average income of a Loda (zip 60948) resident is $37,072 a year. The US average is $37,638 a year.
- The Median household income of a Loda (zip 60948) resident is $87,143 a year. The US average is $69,021 a year.