62353 Mount Sterling, IL is a charming small town located in central Illinois. The population of this vibrant community is only around 1,500 people and the 2 bedroom rent is affordably priced at $770. Grocery cost index for this region is 93 compared to 100 in the US, making it an attractive option for retirees on a budget.
Mount Sterling has plenty of businesses to offer. For instance, there are several restaurants such as Denny's Pizza Palace and Robinson's Place Cafe. There is also Stogsdills Drug Store which offers all kinds of medicines apart from cosmetics and other items. Furthermore, Kost Tire Service provides quality auto repair services and Forney Financial Services offers accounting and financial planning services. People can also visit Ray's Funeral Home to arrange funerals with ease.
Mount Sterling (zip 62353) has an unemployment rate of 2.7%. The US average is 6.0%.
Mount Sterling (zip 62353) has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 32.7%, which is lower than the US average of 33.5%.
Tax Rates for Mount Sterling (zip 62353)
- The Sales Tax Rate for Mount Sterling (zip 62353) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Mount Sterling (zip 62353) 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 Mount Sterling (zip 62353)
- The average income of a Mount Sterling (zip 62353) resident is $20,876 a year. The US average is $37,638 a year.
- The Median household income of a Mount Sterling (zip 62353) resident is $60,750 a year. The US average is $69,021 a year.