Zip 61262 (Lynn Center, IL) Economy


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61262 Lynn Center, IL is a great place to live with many local companies and attractions. The average 2 bedroom rent in this area is $920 compared to the national average of $1,430, making it a more affordable option for those looking to move here. Grocery cost index in this area is also cheaper than the US at 96 versus 100. Local businesses such as Bristle Street Bar & Grill, JT's Bar & Cafe, and Oregon Pub are popular places for residents to gather. Other attractions include Rock Creek Park & Wildlife Refuge which offers plenty of outdoor activities like swimming, fishing, hiking and camping. For those who enjoy shopping and dining out there's also local shopping malls and restaurants around the city.

Lynn Center (zip 61262) has an unemployment rate of 5.9%. The US average is 6.0%.

Lynn Center (zip 61262) has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 27.4%, which is lower than the US average of 33.5%.

Tax Rates for Lynn Center (zip 61262)
- The Sales Tax Rate for Lynn Center (zip 61262) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Lynn Center (zip 61262) 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 Lynn Center (zip 61262)
- The average income of a Lynn Center (zip 61262) resident is $27,765 a year. The US average is $28,555 a year.
- The Median household income of a Lynn Center (zip 61262) resident is $75,625 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLynn Center, IllinoisUnited States
  5.96
  -7.9%-6.2%
  27.4%33.5%
  7.8%6.2%
  5.0%4.6%
  $30,077$37,638
  $75,625$69,021
  $73,942$85,028
  Population by Occupation
  3.1%1.2%
  0.0%0.5%
  11.6%6.8%
  14.7%10.0%
  4.6%2.5%
  10.0%11.0%
  2.7%4.8%
  0.0%0.8%
  3.5%1.9%
  3.5%4.7%
  9.7%1.9%
  2.3%7.6%
  0.0%0.1%
  3.9%4.2%
  2.7%9.3%
  23.6%14.0%
  0.0%2.1%
  2.3%7.0%
  1.9%4.8%
  0.0%4.7%
Health