The city of Rockford, IL (61114) has an average two bedroom rent of $1,120 per month. This is significantly lower than the US average two bedroom rent of $1,430 per month. Groceries in 61114 are also cheaper than national averages- the grocery cost index in 61114 is 93 compared to 100 in the US.
For those looking for local job opportunities or additional amenities, there are a number of companies operating in Rockford. Some well-known businesses include Woodward Governor Company, Furon Company, and Sundstrand Corporation. These companies provide jobs to local residents as well as resources to the community such as educational programs and recreational activities. Other notable local organizations include Anderson Japanese Gardens and Rockford College.
Rockford (zip 61114) has an unemployment rate of 8.1%. The US average is 6.0%.
Rockford (zip 61114) 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 61114)
- The Sales Tax Rate for Rockford (zip 61114) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Rockford (zip 61114) 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 61114)
- The average income of a Rockford (zip 61114) resident is $45,780 a year. The US average is $37,638 a year.
- The Median household income of a Rockford (zip 61114) resident is $78,724 a year. The US average is $69,021 a year.