Pearl, IL (62361) is a small city located in Illinois with an estimated population of about 1,000 people. The median 2 bedroom rent in Pearl is $710, which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index in Pearl is 92 compared to 100 for the entire US. As such, Pearl is an affordable place to live for individuals or families who want to enjoy a pleasant lifestyle while avoiding high costs.
There are many businesses within Pearl and its surrounding areas that provide valuable services to local residents. For example, McDonough County Office provides citizens with medical care and also offers a variety of public health services like immunizations and health screenings; Heritage Bank offers banking and financial services; Shullers Auto Sales has offered automobile sales for more than 60 years; Riddell National Bank offers personal banking options; and JLB Plumbing provides plumbing work for both commercial and residential customers. These businesses provide vital services that make daily life easier for the citizens of Pearl while supporting the local economy by providing jobs and income for its members.
Pearl (zip 62361) has an unemployment rate of 4.8%. The US average is 6.0%.
Pearl (zip 62361) has seen the job market decrease by -6.2% over the last year. Future job growth over the next ten years is predicted to be 13.7%, which is lower than the US average of 33.5%.
Tax Rates for Pearl (zip 62361)
- The Sales Tax Rate for Pearl (zip 62361) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Pearl (zip 62361) 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 Pearl (zip 62361)
- The average income of a Pearl (zip 62361) resident is $17,271 a year. The US average is $37,638 a year.
- The Median household income of a Pearl (zip 62361) resident is $51,250 a year. The US average is $69,021 a year.