Zip 61104 (Rockford, IL) Economy


Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
Rockford, Illinois, zipcode 61104 is a thriving city located in Winnebago County. Residents of the area enjoy access to a wide variety of amenities and entertainment activities along with convenient access to major highways. The area is home to many large companies such as Woodward Inc., Wisconsin Malting Company, RR Donnelley & Sons Co., and Schnucks Grocery Stores. 2 bedroom rental prices in Rockford are slightly lower than the US average at $860 per month versus $1,430 per month nationally. Additionally, grocery cost index in Rockford is 88 versus 100 in the US. This affordability makes it an attractive place for potential residents looking to relocate or start a new life. The local economy has been supported by these large employers providing opportunities for those in the region while also helping drive growth and stability for the city overall.

Rockford (zip 61104) has an unemployment rate of 10.1%. The US average is 6.0%.

Rockford (zip 61104) has seen the job market decrease by -9.1% over the last year. Future job growth over the next ten years is predicted to be 21.9%, which is lower than the US average of 33.5%.

Tax Rates for Rockford (zip 61104)
- The Sales Tax Rate for Rockford (zip 61104) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Rockford (zip 61104) 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 Rockford (zip 61104)
- The average income of a Rockford (zip 61104) resident is $18,487 a year. The US average is $37,638 a year.
- The Median household income of a Rockford (zip 61104) resident is $31,011 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRockford, IllinoisUnited States
  10.16
  -9.1%-6.2%
  21.9%33.5%
  8.3%6.2%
  5.0%4.6%
  $18,487$37,638
  $31,011$69,021
  $35,813$85,028
  Population by Occupation
  0.3%1.2%
  0.0%0.5%
  4.5%6.8%
  20.2%10.0%
  2.6%2.5%
  12.4%11.0%
  9.7%4.8%
  0.4%0.8%
  1.1%1.9%
  3.1%4.7%
  0.1%1.9%
  2.8%7.6%
  0.0%0.1%
  10.9%4.2%
  2.5%9.3%
  12.4%14.0%
  2.6%2.1%
  7.5%7.0%
  4.3%4.8%
  2.6%4.7%
Health

The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.