Momence, IL is a small town filled with rich culture and community spirit. Located in Kankakee County, the population of Momence is estimated to be around 2,600 people. The average two-bedroom rental price in Momence is $980, which is much lower than the US average of $1,430. The Grocery Cost Index in Momence is 93 when compared to the US index of 100; this makes it more affordable for families to purchase groceries in Momence.
Momence has many local businesses that help make up the fabric of its community. Popular local companies include G&G Foods Inc., an independent grocery chain that has been serving Momence since 1965; Rockwell Automation, which produces industrial automation products for businesses around the world; and Paterka Construction Group, a construction company offering a wide range of services. Other popular companies located in Momence are Korte's Ace Hardware & Lumber, Capel Chiropractic Clinic, and Express Pro Cleaners & Laundry.
Momence (zip 60954) has an unemployment rate of 7.5%. The US average is 6.0%.
Momence (zip 60954) has seen the job market decrease by -7.7% over the last year. Future job growth over the next ten years is predicted to be 38.9%, which is higher than the US average of 33.5%.
Tax Rates for Momence (zip 60954)
- The Sales Tax Rate for Momence (zip 60954) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Momence (zip 60954) 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 Momence (zip 60954)
- The average income of a Momence (zip 60954) resident is $28,265 a year. The US average is $37,638 a year.
- The Median household income of a Momence (zip 60954) resident is $50,690 a year. The US average is $69,021 a year.