The city of Ransom, IL (zip code 60470) is a lively community with plenty to offer. The two bedroom rent in Ransom is $1,210 which is slightly lower than the US average of $1,430. The grocery cost index in Ransom is 94 versus 100 in the US, making groceries more affordable for residents. There are several local companies found in Ransom that contribute to the economy and employ many residents. These include ScentAir Technologies, Heavy Duty Industries, and Lincolnway Machine Products Inc., all of which specialize in manufacturing services. Additionally, there are healthcare-related businesses such as Premier Medical Center LLC and Kruger Behavioral Health providing locally-based medical treatment. With these businesses and many others located within Ransom, IL there are plenty of job opportunities available to residents.
Ransom (zip 60470) has an unemployment rate of 7.3%. The US average is 6.0%.
Ransom (zip 60470) has seen the job market decrease by -8.3% over the last year. Future job growth over the next ten years is predicted to be 20.0%, which is lower than the US average of 33.5%.
Tax Rates for Ransom (zip 60470)
- The Sales Tax Rate for Ransom (zip 60470) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Ransom (zip 60470) 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 Ransom (zip 60470)
- The average income of a Ransom (zip 60470) resident is $38,551 a year. The US average is $37,638 a year.
- The Median household income of a Ransom (zip 60470) resident is $73,000 a year. The US average is $69,021 a year.