61554 Pekin, IL is a great place to live if you're looking for an affordable place to rent. The average two bedroom apartment in the area costs $850 per month, which is significantly lower than the national average of $1,430. Additionally, grocery costs and other expenses are cheaper due to the area's below-average Grocery Cost Index of 93 versus 100 nationally.
Residents of 61554 Pekin, IL enjoy access to a variety of businesses located in and around the city. Notable companies include Advanced Manufacturing Inc., RKD Architects & Engineers Ltd., Hatfield Auto Group, and Pekin Insurance Co. These businesses offer employees high-quality jobs and provide many benefits for residents such as economic development, job security, and improved quality of life.
Pekin (zip 61554) has an unemployment rate of 7.0%. The US average is 6.0%.
Pekin (zip 61554) has seen the job market decrease by -7.5% over the last year. Future job growth over the next ten years is predicted to be 17.8%, which is lower than the US average of 33.5%.
Tax Rates for Pekin (zip 61554)
- The Sales Tax Rate for Pekin (zip 61554) is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Pekin (zip 61554) 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 Pekin (zip 61554)
- The average income of a Pekin (zip 61554) resident is $30,872 a year. The US average is $37,638 a year.
- The Median household income of a Pekin (zip 61554) resident is $54,770 a year. The US average is $69,021 a year.