Macedonia, IL is a small town located in Hancock County near the Illinois border. With a population of 62860 people, it has become an attractive destination for those looking to settle down away from the hustle and bustle of large cities. The average 2 bedroom rent in Macedonia is $740 per month, which is about half of what it costs in the US. Additionally, the cost of groceries is 92 on the Grocery Cost Index versus 100 in the US, making living expenses considerably lower than in other parts of the nation.
A few local companies are based in Macedonia such as Agero Motor Club and Springfield Electric Supply Company. These companies provide many jobs to residents of Macedonia and have helped make this area an attractive place to live and work.
Housing options range from single family homes to apartment complexes that offer residents access to amenities like laundry facilities, swimming pools and other recreational activities. There’s something for everyone here in Macedonia whether you’re looking for affordable housing or luxurious accommodations.
Macedonia (zip 62860) has an unemployment rate of 4.9%. The US average is 6.0%.
Macedonia (zip 62860) 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 33.5%, which is lower than the US average of 33.5%.
Tax Rates for Macedonia (zip 62860)
- The Sales Tax Rate for Macedonia (zip 62860) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Macedonia (zip 62860) 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 Macedonia (zip 62860)
- The average income of a Macedonia (zip 62860) resident is $37,305 a year. The US average is $37,638 a year.
- The Median household income of a Macedonia (zip 62860) resident is $70,660 a year. The US average is $69,021 a year.