Zip 62886 (Sims, IL) Economy


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United States / Illinois / No Metro Area / Wayne County / No City / Sims (zip 62886)
Sims, IL (62886) is an incredible place to call home. It offers residents a low cost of living with two bedroom rent averaging $690, less than half the average rent in the US. Additionally, groceries are even more affordable; the Grocery Cost Index for Sims is only 92 compared to the US average of 100.
There are plenty of local businesses in Sims such as Farmington Cafe and Country Junction Store that offer delicious meals and quality shopping options. Sims also has a range of outdoor activities like parks and water recreation at nearby Rend Lake that make it a great place to live. With its low cost of living and abundance of recreational activities, Sims is the perfect location for those looking for a peaceful small-town lifestyle.

Sims (zip 62886) has an unemployment rate of 5.4%. The US average is 6.0%.

Sims (zip 62886) has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 6.2%, which is lower than the US average of 33.5%.

Tax Rates for Sims (zip 62886)
- The Sales Tax Rate for Sims (zip 62886) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Sims (zip 62886) 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 Sims (zip 62886)
- The average income of a Sims (zip 62886) resident is $19,309 a year. The US average is $28,555 a year.
- The Median household income of a Sims (zip 62886) resident is $48,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySims, IllinoisUnited States
  5.46
  -6.8%-6.2%
  6.2%33.5%
  7.0%6.2%
  5.0%4.6%
  $28,958$37,638
  $48,250$69,021
  $46,875$85,028
  Population by Occupation
  3.7%1.2%
  1.5%0.5%
  2.9%6.8%
  27.9%10.0%
  0.0%2.5%
  4.4%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  3.7%7.6%
  0.0%0.1%
  2.9%4.2%
  19.9%9.3%
  25.7%14.0%
  0.0%2.1%
  2.2%7.0%
  5.1%4.8%
  0.0%4.7%
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