Zip 62545 (Mechanicsburg, IL) Economy


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United States / Illinois / Springfield Metro Area / Sangamon County / No City / Mechanicsburg (zip 62545)
Mechanicsburg, IL (zip code 62545) is an ideal place to live for those looking for affordability. The 2 Bedroom rent in Mechanicsburg is $810 compared to the US average of $1,430 making it a much more viable option for many people. Additionally, the grocery cost index in Mechanicsburg is 94 which is 6% lower than the US average making food costs more affordable.
As far as local amenities go this town has plenty to offer. The town boasts plenty of local businesses such as M&G Market and Martin's Storefronts that offer everyday items and groceries. There are also two churches located in Mechanicsburg, St Paul Lutheran Church and United Methodist Church that provide religious services and foster a sense of community within the area. In addition to these local businesses there are also multiple parks and recreational areas nearby such as the J Kaufman Park which offers hiking trails and other outdoor activities for visitors to enjoy.

Mechanicsburg (zip 62545) has an unemployment rate of 6.3%. The US average is 6.0%.

Mechanicsburg (zip 62545) has seen the job market decrease by -7.4% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.

Tax Rates for Mechanicsburg (zip 62545)
- The Sales Tax Rate for Mechanicsburg (zip 62545) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Mechanicsburg (zip 62545) 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 Mechanicsburg (zip 62545)
- The average income of a Mechanicsburg (zip 62545) resident is $39,819 a year. The US average is $37,638 a year.
- The Median household income of a Mechanicsburg (zip 62545) resident is $66,328 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMechanicsburg, IllinoisUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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