60960 Rankin, IL is a great place to live. It has a low cost of living with a two bedroom rent being around $890 compared to the US average of $1,430. Grocery Cost Index in Rankin is 90 versus 100 in the US which means groceries are more affordable. The town is home to several companies such as Sarah's Bakery, Ozark Contractors, and Richardson Real Estate. Additionally, it offers plenty of attractions for its visitors such as the Rankin Historical Museum and Rankin Mineral Springs Park. All this combined makes 60960 Rankin, IL an ideal place to live with an affordable cost of living.
Rankin (zip 60960) has an unemployment rate of 6.9%. The US average is 6.0%.
Rankin (zip 60960) has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 17.5%, which is lower than the US average of 33.5%.
Tax Rates for Rankin (zip 60960)
- The Sales Tax Rate for Rankin (zip 60960) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Rankin (zip 60960) 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 Rankin (zip 60960)
- The average income of a Rankin (zip 60960) resident is $18,382 a year. The US average is $28,555 a year.
- The Median household income of a Rankin (zip 60960) resident is $53,523 a year. The US average is $69,021 a year.