Niantic, IL (62551) is a small rural town located in the central part of Illinois. It has a population of just under 700 people, making it an ideal place for those looking for a tranquil and peaceful lifestyle. Renting a two-bedroom apartment here costs around $760 compared to the US average of $1430. The cost of living here is also lower than the US average with a grocery cost index at 92 versus 100 in the US.
The town has several local attractions including the Niantic State Park where visitors can take part in activities such as fishing and boating. There are also some local businesses such as Corner Grocery & Hardware Store, Niantic Post Office, Countryside Inn II Restaurant, Wildwood Pub & Grill, and The Locker Room Bar & Grill. Every year they host several events such as the ‘Niantic Fest’ which includes car shows, parades, live music performances, food stands, craft shows and fireworks.
Niantic (zip 62551) has an unemployment rate of 8.6%. The US average is 6.0%.
Niantic (zip 62551) 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 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Niantic (zip 62551)
- The Sales Tax Rate for Niantic (zip 62551) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Niantic (zip 62551) 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 Niantic (zip 62551)
- The average income of a Niantic (zip 62551) resident is $30,263 a year. The US average is $37,638 a year.
- The Median household income of a Niantic (zip 62551) resident is $71,406 a year. The US average is $69,021 a year.