Petersburg, IL is a small town located in Menard County. With a population of just 62675 people, it has a quiet and peaceful atmosphere that appeals to many. The cost of living in Petersburg is quite reasonable, with 2 bedroom rent costing $850 compared to the US average of $1,430. Grocery Cost Index is also low at 97 versus 100 for the United States.
The town offers a variety of local stores and restaurants such as Little Italy Pizza and Grill, S&S Grocery Store, and Jiffy Mart. These businesses provide locals with much-needed amenities and services. Parks such as Loomis Park are great places to relax or take in some fresh air. There is also an annual holiday market held in downtown Petersburg where locals can shop for unique gifts and goods produced by local artisans.
Petersburg (zip 62675) has an unemployment rate of 5.0%. The US average is 6.0%.
Petersburg (zip 62675) has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Petersburg (zip 62675)
- The Sales Tax Rate for Petersburg (zip 62675) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Petersburg (zip 62675) 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 Petersburg (zip 62675)
- The average income of a Petersburg (zip 62675) resident is $41,232 a year. The US average is $37,638 a year.
- The Median household income of a Petersburg (zip 62675) resident is $77,768 a year. The US average is $69,021 a year.