Sorento, Illinois is a small town located in Bond County. It has a population of 62086 and offers an affordable cost of living compared to other US cities. Two bedroom apartments in Sorento rent for $830 while the average two bedroom apartment in the US rents for $1,430. Grocery costs are also much lower than the US average, with Sorento's grocery cost index clocking in at 93 versus 100 nationwide.
Residents of Sorento can find jobs working with local companies such as Korte Construction Company and Hammerle Finley Law Firm. The city also has several retail stores including Robert’s IGA Supermarket and a Wal-Mart Supercenter providing great shopping opportunities for those living nearby.
Sorento (zip 62086) has an unemployment rate of 4.9%. The US average is 6.0%.
Sorento (zip 62086) 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 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Sorento (zip 62086)
- The Sales Tax Rate for Sorento (zip 62086) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Sorento (zip 62086) 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 Sorento (zip 62086)
- The average income of a Sorento (zip 62086) resident is $16,299 a year. The US average is $28,555 a year.
- The Median household income of a Sorento (zip 62086) resident is $46,136 a year. The US average is $69,021 a year.