61602 Peoria, IL is a great place to live and offers a variety of amenities for its residents. The 2 bedroom rent in the area is $950, which is significantly lower than the US average rent cost of $1,430. Additionally, the groceries cost index in 61602 Peoria, IL is 97 versus 100 in the US, making groceries more affordable here. There are also numerous local companies located in 61602 Peoria, IL including Caterpillar Inc., O'Neill Electric & Communication Solutions LLC, Northland Products Corporation, and RLI Corp. All four of these companies provide employment to hundreds of locals and contribute to the economic development of the community.
Peoria (zip 61602) has an unemployment rate of 9.0%. The US average is 6.0%.
Peoria (zip 61602) 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 17.4%, which is lower than the US average of 33.5%.
Tax Rates for Peoria (zip 61602)
- The Sales Tax Rate for Peoria (zip 61602) is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Peoria (zip 61602) 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 Peoria (zip 61602)
- The average income of a Peoria (zip 61602) resident is $32,452 a year. The US average is $37,638 a year.
- The Median household income of a Peoria (zip 61602) resident is $21,042 a year. The US average is $69,021 a year.