61858 Oakwood, IL is a wonderful place to live. It has an incredibly low cost of living with 2 bedroom rent in the area being only $850 compared to the US average of $1,430. The Grocery Cost Index is also 93 whereas the US it is 100. This makes Oakwood, IL an affordable place for people to live on any budget. Local businesses that are popular in the area include Dairy Queen, Halltown Cafe & Family Restaurant, and Ponderosa Steakhouse. For activities in the area there are plenty of outdoor options such as fishing at Lake Shelbyville or Grand Canyone Lake or hiking trails such as Rock Creek Recreation Area and Iroquois County State Wildlife Area. There is something for everyone in 61858 Oakwood, IL.
Oakwood (zip 61858) has an unemployment rate of 6.9%. The US average is 6.0%.
Oakwood (zip 61858) has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 17.5%, which is lower than the US average of 33.5%.
Tax Rates for Oakwood (zip 61858)
- The Sales Tax Rate for Oakwood (zip 61858) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Oakwood (zip 61858) 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 Oakwood (zip 61858)
- The average income of a Oakwood (zip 61858) resident is $26,942 a year. The US average is $28,555 a year.
- The Median household income of a Oakwood (zip 61858) resident is $59,519 a year. The US average is $69,021 a year.