The small town of Penfield, IL, with a population of 61862 is a great place for people looking for an affordable lifestyle. The 2 bedroom rent in Penfield is approximately $880 compared to the US which is at $1,430. Additionally, the Grocery Cost Index in Penfield is 97 versus 100 in the US. \nPenfield has many local businesses such as Woodshed Smokehouse BBQ restaurant, County Market grocery store and gas station, and Doc's Harley Davidson Motorcycle dealership. There are also some local entertainment venues like Gold Star cinema to enjoy. People looking for affordable living will find it easy to adjust to life in Penfield and have plenty of attractions to enjoy on their free time.
Penfield (zip 61862) has an unemployment rate of 5.0%. The US average is 6.0%.
Penfield (zip 61862) has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Penfield (zip 61862)
- The Sales Tax Rate for Penfield (zip 61862) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Penfield (zip 61862) 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 Penfield (zip 61862)
- The average income of a Penfield (zip 61862) resident is $41,421 a year. The US average is $37,638 a year.
- The Median household income of a Penfield (zip 61862) resident is $103,750 a year. The US average is $69,021 a year.