Zip 62462 (Sigel, IL) Economy


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United States / Illinois / No Metro Area / Shelby County / No City / Sigel (zip 62462)
Sigel, IL 62462 is a great place to call home. The average two bedroom rent in Sigel is $760, which is significantly lower than the US average of $1,430. Additionally, grocery costs are below the national average, giving residents more financial flexibility when it comes to food costs. Local companies and amenities include Midland States Bank, Crystal's Cafe & Pizza, and Gem City Automotive Repair for services. For entertainment and recreation there are places like Douglas Park for outdoor activities and All Occasions Floral for gifts or decorations. In all Sigel is a great place to live with affordable housing and plenty of local businesses and amenities.

Sigel (zip 62462) has an unemployment rate of 4.8%. The US average is 6.0%.

Sigel (zip 62462) has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.

Tax Rates for Sigel (zip 62462)
- The Sales Tax Rate for Sigel (zip 62462) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Sigel (zip 62462) 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 Sigel (zip 62462)
- The average income of a Sigel (zip 62462) resident is $22,170 a year. The US average is $28,555 a year.
- The Median household income of a Sigel (zip 62462) resident is $52,335 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySigel, IllinoisUnited States
  4.86
  -6.4%-6.2%
  30.2%33.5%
  7.3%6.2%
  5.0%4.6%
  $29,754$37,638
  $52,335$69,021
  $75,500$85,028
  Population by Occupation
  3.9%1.2%
  0.0%0.5%
  7.5%6.8%
  18.3%10.0%
  10.1%2.5%
  12.7%11.0%
  6.9%4.8%
  0.0%0.8%
  0.6%1.9%
  1.5%4.7%
  0.0%1.9%
  3.6%7.6%
  0.0%0.1%
  1.2%4.2%
  9.4%9.3%
  17.7%14.0%
  0.1%2.1%
  3.4%7.0%
  2.8%4.8%
  0.3%4.7%
Health