62970 Olmsted, IL is a great place to live for those looking for a peaceful community. Located in Pope County, it offers many attractions such as parks and outdoor adventures. The 2 bedroom rent in 62970 Olmsted, IL is $700 which is much lower than the US 2 bedroom rent of $1,430. Grocery costs in 62970 Olmsted, IL are also lower than the US with an index of 91 versus 100 in the US. There are local businesses like R & D Discount Store, Smokin' Joe's BBQ & Grill and Eastside Supply Co that offer a range of services while keeping prices competitive. In addition to low rent and grocery costs there are several other affordable aspects that make 62970 Olmsted, IL appealing including low taxes and utilities. This makes 62970 Olmsted, IL an attractive location with its great quality of life and reasonable cost of living.
Olmsted (zip 62970) has an unemployment rate of 10.3%. The US average is 6.0%.
Olmsted (zip 62970) has seen the job market decrease by -14.6% over the last year. Future job growth over the next ten years is predicted to be 32.0%, which is lower than the US average of 33.5%.
Tax Rates for Olmsted (zip 62970)
- The Sales Tax Rate for Olmsted (zip 62970) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Olmsted (zip 62970) 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 Olmsted (zip 62970)
- The average income of a Olmsted (zip 62970) resident is $24,778 a year. The US average is $37,638 a year.
- The Median household income of a Olmsted (zip 62970) resident is $55,625 a year. The US average is $69,021 a year.