62360 Payson, IL is a small rural community with a population of just over 1,500 people. It offers residents an affordable cost of living, with 2 bedroom rental prices at $850 compared to the US average of $1,430. Grocery costs also remain relatively low in Payson with a grocery cost index of 93 compared to the US average of 100. Local businesses in the area include banks such as First National Bank and Trust, medical clinics like Payson Family Clinic and pharmacies like Alligood Pharmacy & Gift Shop. Other amenities such as restaurants like El Rancherito Mexican Restaurant and entertainment venues like The Clam Shell Inn are also available for residents to enjoy.
Payson (zip 62360) has an unemployment rate of 4.4%. The US average is 6.0%.
Payson (zip 62360) 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 Payson (zip 62360)
- The Sales Tax Rate for Payson (zip 62360) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Payson (zip 62360) 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 Payson (zip 62360)
- The average income of a Payson (zip 62360) resident is $25,668 a year. The US average is $37,638 a year.
- The Median household income of a Payson (zip 62360) resident is $62,794 a year. The US average is $69,021 a year.