Smithton, IL 62285 is a small town located in the Southern Illinois area. It has many local businesses such as Smithton Hardware, Smithton Grocery, and Smithton Bank that serve to meet the needs of the community. The cost of living in Smithton is relatively low compared to other places in the United States. Rent for a two bedroom apartment is $950 per month, which is much less than the U.S average of $1,430 per month. Additionally, groceries cost about 98 on an index 100 meaning it is slightly less expensive than the national average. This makes Smithton an excellent place to live if you are looking for affordability without compromising quality of life.
Smithton (zip 62285) has an unemployment rate of 6.7%. The US average is 6.0%.
Smithton (zip 62285) has seen the job market decrease by -6.7% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Smithton (zip 62285)
- The Sales Tax Rate for Smithton (zip 62285) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Smithton (zip 62285) 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 Smithton (zip 62285)
- The average income of a Smithton (zip 62285) resident is $48,025 a year. The US average is $37,638 a year.
- The Median household income of a Smithton (zip 62285) resident is $102,083 a year. The US average is $69,021 a year.