Zip 62864 (Mount Vernon, IL) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
62864 Mount Vernon, IL is a great place to call home! With an average two bedroom rent of $830 per month and a grocery cost index of 92 compared to the US average of 100, living in 62864 Mount Vernon can be very economical. There are plenty of local businesses to fit any need. The area abounds with stores such as Lowe's Home Improvement, Walmart Supercenter, Kroger, Save-A-Lot, Big Lots, John Deere Center, and Bunn Automotive Service to name a few. Additionally there are many restaurants ranging from fast food chains like McDonald's and Subway to fine dining establishments like Monteverde Italian Cuisine and The Vault Restaurant. Whether you're looking for something necessary or just want a night out on the town there's no shortage of options in 62864 Mount Vernon, IL.

Mount Vernon (zip 62864) has an unemployment rate of 6.5%. The US average is 6.0%.

Mount Vernon (zip 62864) has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 31.6%, which is lower than the US average of 33.5%.

Tax Rates for Mount Vernon (zip 62864)
- The Sales Tax Rate for Mount Vernon (zip 62864) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Mount Vernon (zip 62864) 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 Vernon (zip 62864)
- The average income of a Mount Vernon (zip 62864) resident is $24,560 a year. The US average is $28,555 a year.
- The Median household income of a Mount Vernon (zip 62864) resident is $50,854 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMount Vernon, IllinoisUnited States
  6.56
  -8.4%-6.2%
  31.6%33.5%
  9.3%6.2%
  5.0%4.6%
  $30,367$37,638
  $50,854$69,021
  $66,025$85,028
  Population by Occupation
  0.7%1.2%
  0.5%0.5%
  6.1%6.8%
  13.3%10.0%
  3.0%2.5%
  11.3%11.0%
  7.6%4.8%
  0.6%0.8%
  0.8%1.9%
  3.2%4.7%
  1.0%1.9%
  3.6%7.6%
  0.7%0.1%
  2.8%4.2%
  7.5%9.3%
  18.8%14.0%
  0.6%2.1%
  9.5%7.0%
  5.1%4.8%
  3.5%4.7%
Health