The small town of Palestine, IL (zip code 62451) has an average 2 bedroom rent of $680 per month. This is significantly lower than the US national average of $1,430 per month. The grocery cost index in Palestine is also 92 versus 100, making groceries affordable for local residents.
Residents in this small town are provided with many services, including schools, banking and healthcare services from local companies. One prominent example is Hancock County Community Hospital which provides medical care to the community as well as emergency room facilities. Another example is the First National Bank which has been providing banking services to the people of Palestine since 1883. Other local companies include B&B Garage door service, Laxton Seed & Feed Store, and Rural Outreach Services which provides case management and counseling services for those in need.
Palestine (zip 62451) has an unemployment rate of 5.6%. The US average is 6.0%.
Palestine (zip 62451) has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 5.3%, which is lower than the US average of 33.5%.
Tax Rates for Palestine (zip 62451)
- The Sales Tax Rate for Palestine (zip 62451) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Palestine (zip 62451) 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 Palestine (zip 62451)
- The average income of a Palestine (zip 62451) resident is $21,948 a year. The US average is $28,555 a year.
- The Median household income of a Palestine (zip 62451) resident is $57,554 a year. The US average is $69,021 a year.