Loves Park, IL 61111 is a city located in northern Illinois near Rockford. It is a great place to live for those who are seeking an affordable cost of living and access to excellent amenities. The average 2 bedroom apartment rent in this area is $970 compared to the US average of $1,430 making it very desirable for families and individuals who are budget-conscious. Additionally, Loves Park also offers a low grocery cost index of 91 versus 100 in the US making it far more economical than other areas.
For entertainment, there are plenty of local companies that offer something for everyone such as the Coronado Performing Arts Center which hosts a variety of concerts and events year-round; Sweet Pea's Bakery which serves gourmet cupcakes and other homemade treats; and Top Notch Car Detailing which offers car detailing services at competitive prices. With its affordable living costs, ample amenities, and excellent local businesses, Loves Park 61111 makes an ideal location for anyone looking for a comfortable home life without breaking the bank.
Loves Park (zip 61111) has an unemployment rate of 8.1%. The US average is 6.0%.
Loves Park (zip 61111) has seen the job market decrease by -9.1% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Loves Park (zip 61111)
- The Sales Tax Rate for Loves Park (zip 61111) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Loves Park (zip 61111) 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 Loves Park (zip 61111)
- The average income of a Loves Park (zip 61111) resident is $32,399 a year. The US average is $37,638 a year.
- The Median household income of a Loves Park (zip 61111) resident is $57,628 a year. The US average is $69,021 a year.