Martinsville, IL (zip code 62442) is an inviting town with a population of just over 1,900 residents. While the average two bedroom rent in Martinsville is $720, the US two bedroom rent average is $1,430. Grocery cost index in Martinsville is 90 versus 100 in the US.
The friendly town of Martinsville offers many attractions for its small population number. There are several local businesses including The National Bank of Martinsville, C E Maynard & Sons Hardware Store and a farmers market every Saturday on the courthouse square. Residents also enjoy visiting Brush Creek Park for fishing, camping or picnicking in the great outdoors. With its low cost of living and family-friendly community, it’s no wonder why so many people call Martinsville their home.
Martinsville (zip 62442) has an unemployment rate of 6.2%. The US average is 6.0%.
Martinsville (zip 62442) has seen the job market decrease by -7.8% over the last year. Future job growth over the next ten years is predicted to be 20.6%, which is lower than the US average of 33.5%.
Tax Rates for Martinsville (zip 62442)
- The Sales Tax Rate for Martinsville (zip 62442) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Martinsville (zip 62442) 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 Martinsville (zip 62442)
- The average income of a Martinsville (zip 62442) resident is $25,037 a year. The US average is $37,638 a year.
- The Median household income of a Martinsville (zip 62442) resident is $53,438 a year. The US average is $69,021 a year.