Posen, IL, located in zip code 60469, is a small city with a population of approximately 6,000 people. The cost of living in the city is quite affordable with two bedroom rent at $1,320, which is slightly lower than the US average of $1,430. Groceries are even more cost effective as the Grocery Cost Index (GCI) in Posen is 93 compared to 100 in the US.
The city has a few notable local companies including Packaging Corporation of America (PCA) which produces and sells containerboard and corrugated packaging products and Paper Industries Corporation of America (PICA) which manufactures paper products for industrial use. Additionally, there are several retailers such as Walmart Supercenter and Aldi that offer competitive pricing on their goods. In terms of restaurant options, the city offers a variety of ethnic cuisines such as Mexican and Italian alongside American chain restaurants like McDonalds and Wendy’s.
Posen (zip 60469) has an unemployment rate of 8.4%. The US average is 6.0%.
Posen (zip 60469) has seen the job market decrease by -9.4% over the last year. Future job growth over the next ten years is predicted to be 25.8%, which is lower than the US average of 33.5%.
Tax Rates for Posen (zip 60469)
- The Sales Tax Rate for Posen (zip 60469) is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Posen (zip 60469) 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 Posen (zip 60469)
- The average income of a Posen (zip 60469) resident is $20,082 a year. The US average is $37,638 a year.
- The Median household income of a Posen (zip 60469) resident is $55,547 a year. The US average is $69,021 a year.