Zip 62862 (Mill Shoals, IL) Economy


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United States / Illinois / No Metro Area / White County / No City / Mill Shoals (zip 62862)
Mill Shoals, IL has a population of 62862 people. Rent for a 2 bedroom apartment is $690 per month, which is lower than the US average of $1,430. Grocery Cost Index in Mill Shoals is 90 compared to the US average of 100, making it an affordable place to live and purchase groceries. There are many local businesses that serve this area such as Kingsland Hardware & Supply Company, Wild Blu Restaurant, Belly Dancer Pizza Shop, and C&R Tractor Services. Each of these companies bring something special to Mill Shoals and offer amazing services to those living in and around the area.

Mill Shoals (zip 62862) has an unemployment rate of 5.6%. The US average is 6.0%.

Mill Shoals (zip 62862) has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.

Tax Rates for Mill Shoals (zip 62862)
- The Sales Tax Rate for Mill Shoals (zip 62862) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Mill Shoals (zip 62862) 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 Mill Shoals (zip 62862)
- The average income of a Mill Shoals (zip 62862) resident is $45,992 a year. The US average is $28,555 a year.
- The Median household income of a Mill Shoals (zip 62862) resident is $56,786 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMill Shoals, IllinoisUnited States
  5.66
  -11.2%-6.2%
  20.5%33.5%
  7.3%6.2%
  5.0%4.6%
  $30,941$37,638
  $56,786$69,021
  $63,083$85,028
  Population by Occupation
  13.3%1.2%
  0.0%0.5%
  4.4%6.8%
  17.1%10.0%
  0.6%2.5%
  12.0%11.0%
  13.3%4.8%
  0.6%0.8%
  0.0%1.9%
  5.1%4.7%
  0.0%1.9%
  0.6%7.6%
  0.0%0.1%
  1.3%4.2%
  1.3%9.3%
  10.8%14.0%
  0.0%2.1%
  8.9%7.0%
  10.8%4.8%
  0.0%4.7%
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