Zip 61050 (Mc Connell, IL) Economy


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United States / Illinois / Freeport Metro Area / Stephenson County / No City / Mc Connell (zip 61050)
Mc Connell, IL (61050) is a beautiful town located in the heart of Illinois. It is home to many local businesses and amenities. The 2 bedroom rent in this area is $770 which is significantly lower than the US average of $1,430. In addition, Mc Connell has an affordable cost of living with a Grocery Cost Index score of 89 versus 100 for the US.
The town boasts plenty of shopping options with retailers like Walmart Supercenter, Walgreens, Ace Hardware and Piggly Wiggly to pick from. If you’re looking for dining options there are highly rated restaurants such as The Millhouse Restaurant & Pub, Los Burritos Mexicanos and Pizza Joint offers delicious food for all tastes. For leisure activities, you can visit Westwood Lanes bowling alley or take the family to nearby Willmore Park where you can enjoy hiking trails and a playground. Lastly for banking services, both First Mid Bank & Trust and North Star Bank provides personal banking services in Mc Connell.

Mc Connell (zip 61050) has an unemployment rate of 6.4%. The US average is 6.0%.

Mc Connell (zip 61050) has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 32.0%, which is lower than the US average of 33.5%.

Tax Rates for Mc Connell (zip 61050)
- The Sales Tax Rate for Mc Connell (zip 61050) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Mc Connell (zip 61050) 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 Mc Connell (zip 61050)
- The average income of a Mc Connell (zip 61050) resident is $21,722 a year. The US average is $28,555 a year.
- The Median household income of a Mc Connell (zip 61050) resident is $95,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMc Connell, IllinoisUnited States
  6.46
  -6.5%-6.2%
  32.0%33.5%
  6.8%6.2%
  5.0%4.6%
  $33,563$37,638
  $95,500$69,021
  $96,125$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  21.7%6.8%
  17.4%10.0%
  2.9%2.5%
  10.1%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  14.5%4.7%
  0.0%1.9%
  8.7%7.6%
  0.0%0.1%
  8.7%4.2%
  5.1%9.3%
  4.3%14.0%
  0.0%2.1%
  0.0%7.0%
  0.0%4.8%
  6.5%4.7%
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