Raleigh, IL with a population of 62977 is a great city to live in. Its two bedroom rent averages $690 which is considerably lower than the US average of $1,430. The grocery cost index in Raleigh is 96 compared to the national average of 100, making groceries more affordable for its citizens.
The city offers plenty of local businesses that provide goods and services to its residents. Walmart and Schnucks are two popular places where locals can shop for groceries and other household items. Menard's Home Improvement Center offers everything from tools to gardening supplies while local restaurants such as Missy's Pizza Parlor provide delicious meals at reasonable prices. Additionally, there are banks like Bank of Edwardsville that offer financial services to the community.
Raleigh (zip 62977) has an unemployment rate of 7.4%. The US average is 6.0%.
Raleigh (zip 62977) has seen the job market decrease by -6.2% over the last year. Future job growth over the next ten years is predicted to be 9.3%, which is lower than the US average of 33.5%.
Tax Rates for Raleigh (zip 62977)
- The Sales Tax Rate for Raleigh (zip 62977) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Raleigh (zip 62977) 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 Raleigh (zip 62977)
- The average income of a Raleigh (zip 62977) resident is $26,904 a year. The US average is $37,638 a year.
- The Median household income of a Raleigh (zip 62977) resident is $53,472 a year. The US average is $69,021 a year.