61544 London Mills, Illinois is a charming small town located just north of Peoria. It has a population of 664 people, a strong community atmosphere and an excellent quality of life. The median 2 bedroom rent in London Mills is $910 per month, which is much lower than the US average of $1,430. Grocery costs in London Mills are also favorable with an index rate of 91 versus the national average rate at 100. This makes London Mills a great place to live for those who seek affordability but still want access to amenities and resources.
There are several local businesses in the area that provide goods and services to its residents. Bassler Electric Company offers electrical repairs and installations while D-N-D Logging Co provides logging services for landowners in the region. The Woodbine Country Store serves as a hub for grocery items as well as its popular deli counter for delicious Bakes sandwiches or Saturday morning breakfast specials. Overall, the cost of living in London Mills is relatively low compared to other areas and provides numerous opportunities within or near this pleasant community.
London Mills (zip 61544) has an unemployment rate of 6.6%. The US average is 6.0%.
London Mills (zip 61544) 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 London Mills (zip 61544)
- The Sales Tax Rate for London Mills (zip 61544) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for London Mills (zip 61544) 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 London Mills (zip 61544)
- The average income of a London Mills (zip 61544) resident is $35,508 a year. The US average is $37,638 a year.
- The Median household income of a London Mills (zip 61544) resident is $73,750 a year. The US average is $69,021 a year.