Smithfield, IL (zip code 61477) is a small city located in western Illinois with a population of around 1,100 people. The cost of living in Smithfield is relatively lower compared to the national average. For example, the average rent for a 2-bedroom apartment is around $890 per month as opposed to the national average of $1,430. Additionally, the grocery cost index in Smithfield is 93 versus 100 in the US.
Smithfield has various local businesses that serve its residents and visitors such as Johnson's Hardware Store which supplies tools and equipment for home improvement projects and Fido's Pet Shop which carries a wide variety of pet supplies. Furthermore, Smithfield also boasts an array of eateries from Italian Bistros to classic American diners. Finally, there are also several entertainment venues like The Town Theatre which shows blockbusters movies on their big screen or The Pineapple Grove Art Gallery where one can admire paintings from local artists.
Smithfield (zip 61477) has an unemployment rate of 6.6%. The US average is 6.0%.
Smithfield (zip 61477) has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 21.1%, which is lower than the US average of 33.5%.
Tax Rates for Smithfield (zip 61477)
- The Sales Tax Rate for Smithfield (zip 61477) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Smithfield (zip 61477) 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 Smithfield (zip 61477)
- The average income of a Smithfield (zip 61477) resident is $25,328 a year. The US average is $28,555 a year.
- The Median household income of a Smithfield (zip 61477) resident is $53,625 a year. The US average is $69,021 a year.