Richmond, IL (zip code 60071) is a unique city located in McHenry County. It has an estimated population of over 8,000 people and provides plenty of resources for renters. The average two bedroom rent in Richmond is $1,170, which is significantly lower than the US average of $1,430. The grocery cost index in Richmond is 97 versus 100 in the US making groceries slightly cheaper. Local companies offering rental options include Uptown Properties who offer apartments and townhomes starting at $840 a month and Solstice Properties with two bedroom apartment rentals starting at $920 a month. Grocery store prices are generally reasonable with the local Aldi’s offering good quality products at low prices.
Richmond (zip 60071) has an unemployment rate of 5.9%. The US average is 6.0%.
Richmond (zip 60071) has seen the job market decrease by -9.5% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.
Tax Rates for Richmond (zip 60071)
- The Sales Tax Rate for Richmond (zip 60071) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Richmond (zip 60071) 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 Richmond (zip 60071)
- The average income of a Richmond (zip 60071) resident is $48,108 a year. The US average is $37,638 a year.
- The Median household income of a Richmond (zip 60071) resident is $67,093 a year. The US average is $69,021 a year.