Morton, IL (zip code 61550) is an attractive place to live with reasonable rental costs. The 2 bedroom rental cost in Morton is $1,020 compared to the US average of $1,430. Additionally, the grocery cost index in Morton is 98 versus 100 in the US making it a great place to live and save money.
Morton is home to several well-known companies such as Caterpillar Inc., Central Illinois Manufacturing Co., Eureka College, KFC Corporation, and Mitsubishi Motors North America. Local restaurants include Firehouse Pizza & Pub, Cortaro's Mexican Restaurant and Sullivan’s Foods. Residents can also take advantage of local shopping at Walmart Supercenter or ACE Hardware. With plenty of activities to choose from and affordable living opportunities, Morton makes for a great place to live and work!
Morton (zip 61550) has an unemployment rate of 5.7%. The US average is 6.0%.
Morton (zip 61550) has seen the job market decrease by -7.5% over the last year. Future job growth over the next ten years is predicted to be 19.4%, which is lower than the US average of 33.5%.
Tax Rates for Morton (zip 61550)
- The Sales Tax Rate for Morton (zip 61550) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Morton (zip 61550) 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 Morton (zip 61550)
- The average income of a Morton (zip 61550) resident is $43,458 a year. The US average is $37,638 a year.
- The Median household income of a Morton (zip 61550) resident is $86,232 a year. The US average is $69,021 a year.