Rockwood IL (zip code 62280) is a small town located about an hour away from downtown St Louis. As such, it offers a more peaceful and quiet atmosphere than that of the bustling city. The two bedroom rent in Rockwood is about $770 which is significantly lower than the national average of $1,430 indicating more affordable living costs. Grocery cost index for this area is also cheaper compared to the US with 93 versus 100 making it even more attractive for people on a budget.
The local business climate consists of several mom-and-pop stores, restaurants, coffee shops as well as some larger chain retailers including Wal-Mart, Dollar General and Ace Hardware. For those who need to commute the area has access to convenient public transportation via Metro Bus which connects Rockwood to surrounding areas including Belleville and downtown St Louis. There are also major highways like I-64 and I-55 which provide easy access to other cities around Illinois.
Rockwood (zip 62280) has an unemployment rate of 4.4%. The US average is 6.0%.
Rockwood (zip 62280) has seen the job market decrease by -7.7% over the last year. Future job growth over the next ten years is predicted to be 25.7%, which is lower than the US average of 33.5%.
Tax Rates for Rockwood (zip 62280)
- The Sales Tax Rate for Rockwood (zip 62280) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Rockwood (zip 62280) 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 Rockwood (zip 62280)
- The average income of a Rockwood (zip 62280) resident is $47,444 a year. The US average is $37,638 a year.
- The Median household income of a Rockwood (zip 62280) resident is $104,511 a year. The US average is $69,021 a year.