Raymond, IL (62560) is a small city located in Montgomery County, Illinois. The 2 Bedroom Rent for this area stands at $780 which is significantly lower than the US average 2 Bedroom Rent of $1,430. The Grocery Cost Index of Raymond is also lower than the US Average at 93 compared to 100. With its cost-friendly environment and vibrant community life, Raymond makes an ideal home for families and young professionals alike.
The city is home to several local businesses such as Imboden Creek Farms which provides locally-grown food for local stores and restaurants; The Nest Cafe & Coffee House offering delicious drinks and meals; and Country Insurance Agency providing quality insurance services with special attention to their customers’ needs. All these businesses contribute to the economic growth of the area while keeping it a great place to call home.
Raymond (zip 62560) has an unemployment rate of 6.4%. The US average is 6.0%.
Raymond (zip 62560) has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 26.7%, which is lower than the US average of 33.5%.
Tax Rates for Raymond (zip 62560)
- The Sales Tax Rate for Raymond (zip 62560) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Raymond (zip 62560) 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 Raymond (zip 62560)
- The average income of a Raymond (zip 62560) resident is $22,127 a year. The US average is $28,555 a year.
- The Median household income of a Raymond (zip 62560) resident is $63,977 a year. The US average is $69,021 a year.