The town of Paloma, IL (62359) is a great place for people looking to settle down, with a 2 bedroom rent being only $820 compared to the national average of $1,430. The cost of groceries in this area is also low, with an index score of 92 as opposed to the US average of 100. With its affordable living costs and friendly atmosphere, Paloma is a great place to call home. Local businesses such as Ace Hardware and Crossroads Market offer residents the products and services they need. There are also plenty of restaurants in the area like Golla’s Pizza and The Schoolhouse Restaurant for those who want to enjoy some good food. Residents can also enjoy the many outdoor activities around town like fishing at nearby Coon Creek Lake or taking a stroll along the scenic trails at Paloma Prairie Nature Preserve. With its low prices and abundance of attractions, Paloma is an ideal place to live!
Paloma (zip 62359) has an unemployment rate of 4.4%. The US average is 6.0%.
Paloma (zip 62359) has seen the job market decrease by -6.3% over the last year. Future job growth over the next ten years is predicted to be 28.6%, which is lower than the US average of 33.5%.
Tax Rates for Paloma (zip 62359)
- The Sales Tax Rate for Paloma (zip 62359) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Paloma (zip 62359) 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 Paloma (zip 62359)
- The average income of a Paloma (zip 62359) resident is $26,247 a year. The US average is $37,638 a year.
- The Median household income of a Paloma (zip 62359) resident is $0 a year. The US average is $69,021 a year.