New Bedford, IL (zip code 61346) is a small town located in Bureau County in northern Illinois. It is known for its beautiful lakeside scenery, including parks such as the Mill Creek Park and Oakwood Park. The population of New Bedford is approximately 750 people.
The cost of living in New Bedford is very affordable with 2 bedroom rental rates at $720 per month and a Grocery Cost Index of 90 versus the US average at 100. There are many local businesses such as the Pines Golf Course, Anderson Farms Produce, and the Olde Canal Inn Restaurant that make up the local economy here.
Overall, New Bedford is a great place to live with its beautiful surroundings and low cost of living expenses. It's a great place for those looking to move away from large cities to enjoy nature, peacefulness, and affordability.
New Bedford (zip 61346) has an unemployment rate of 6.3%. The US average is 6.0%.
New Bedford (zip 61346) has seen the job market decrease by -8.2% over the last year. Future job growth over the next ten years is predicted to be 33.9%, which is higher than the US average of 33.5%.
Tax Rates for New Bedford (zip 61346)
- The Sales Tax Rate for New Bedford (zip 61346) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for New Bedford (zip 61346) 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 New Bedford (zip 61346)
- The average income of a New Bedford (zip 61346) resident is $28,279 a year. The US average is $37,638 a year.
- The Median household income of a New Bedford (zip 61346) resident is $55,625 a year. The US average is $69,021 a year.