Lowpoint, IL is a small town in Woodford County with a population of 61545. The average 2 bedroom rent in Lowpoint is $950 which is much lower than the US average of $1,430. Additionally, the grocery cost index in Lowpoint is 93 versus 100 in the US making it an affordable place to reside. There are many local businesses including G&A Office Cleaners and Maintenance, Collins Contracting Company Inc., Midwest Food & Supply LLC, and J&J Towing and Auto Repair that service the Lowpoint community.
Lowpoint (zip 61545) has an unemployment rate of 4.5%. The US average is 6.0%.
Lowpoint (zip 61545) has seen the job market decrease by -7.6% over the last year. Future job growth over the next ten years is predicted to be 20.8%, which is lower than the US average of 33.5%.
Tax Rates for Lowpoint (zip 61545)
- The Sales Tax Rate for Lowpoint (zip 61545) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Lowpoint (zip 61545) 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 Lowpoint (zip 61545)
- The average income of a Lowpoint (zip 61545) resident is $35,363 a year. The US average is $37,638 a year.
- The Median household income of a Lowpoint (zip 61545) resident is $68,983 a year. The US average is $69,021 a year.