Rockford, IL is an affordable and livable city located in Winnebago County with a population of over 150,000. The 2 bedroom rent is $990 in 61107 Rockford compared to the US average of $1,430. This low cost of living makes 61107 Rockford attractive for families or individuals seeking a place to reside. Additionally the grocery cost index in 61107 Rockford is 91 versus 100 in the US which further supports the affordability factor that 61107 Rockford provides its inhabitants. There are many local companies in this city such as Woodward Inc., Urologic Specialties, and Supply Core Inc. All three companies provide job opportunities and growth within the local economy. Overall, 61107 Rockford is a great place to live due to its affordability when compared to the national average.
Rockford (zip 61107) has an unemployment rate of 8.1%. The US average is 6.0%.
Rockford (zip 61107) 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 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Rockford (zip 61107)
- The Sales Tax Rate for Rockford (zip 61107) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Rockford (zip 61107) 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 61107)
- The average income of a Rockford (zip 61107) resident is $41,063 a year. The US average is $37,638 a year.
- The Median household income of a Rockford (zip 61107) resident is $65,145 a year. The US average is $69,021 a year.