Zip 62557 (Pana, IL) Economy


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Pana, Illinois is a small city located in Christian County, with an estimated population of 6,257. It has an affordable two bedroom rental rate of $710 per month compared to the US average of $1,430 per month. In terms of groceries and other common goods, Pana has a Grocery Cost Index of 91 versus the national average of 100. There are a number of local businesses and places to explore in Pana such as Two Brothers Pizza & Pub where visitors can enjoy good food and drinks, The Pillars Event Center for a variety of events from weddings to business conferences and much more. Additionally,for those looking for religious facilities Pana is home to several churches including the First Christian Church and Living Hope Church.

Pana (zip 62557) has an unemployment rate of 6.3%. The US average is 6.0%.

Pana (zip 62557) has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 12.9%, which is lower than the US average of 33.5%.

Tax Rates for Pana (zip 62557)
- The Sales Tax Rate for Pana (zip 62557) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Pana (zip 62557) 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 Pana (zip 62557)
- The average income of a Pana (zip 62557) resident is $19,637 a year. The US average is $28,555 a year.
- The Median household income of a Pana (zip 62557) resident is $52,396 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPana, IllinoisUnited States
  6.36
  -9.8%-6.2%
  12.9%33.5%
  7.3%6.2%
  5.0%4.6%
  $27,396$37,638
  $52,396$69,021
  $59,201$85,028
  Population by Occupation
  2.1%1.2%
  0.0%0.5%
  9.6%6.8%
  14.3%10.0%
  3.1%2.5%
  10.2%11.0%
  4.5%4.8%
  1.2%0.8%
  3.2%1.9%
  4.8%4.7%
  0.0%1.9%
  4.0%7.6%
  0.0%0.1%
  0.6%4.2%
  6.3%9.3%
  21.0%14.0%
  0.4%2.1%
  8.7%7.0%
  2.1%4.8%
  4.0%4.7%
Health