61080 South Beloit, IL is a great place for those looking for an affordable home and low cost of living. The average 2 bedroom rent in 61080 South Beloit is just $860 per month, significantly lower than the national average of $1,430. Grocery costs are also quite low in this area with an index of 92 verses 100 in the US. Local companies that are located within 61080 South Beloit include: Royal Pub and Grill, Cyclone Ice Cream & Drinks, Wil's Sports Bar & Grille, and Pc Express Computer Solutions. These businesses provide economic growth and job opportunities to the residents of 61080 South Beloit as well as giving them a variety of options when it comes to shopping and dining.
South Beloit (zip 61080) has an unemployment rate of 8.1%. The US average is 6.0%.
South Beloit (zip 61080) has seen the job market decrease by -9.1% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for South Beloit (zip 61080)
- The Sales Tax Rate for South Beloit (zip 61080) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for South Beloit (zip 61080) 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 South Beloit (zip 61080)
- The average income of a South Beloit (zip 61080) resident is $33,231 a year. The US average is $37,638 a year.
- The Median household income of a South Beloit (zip 61080) resident is $64,020 a year. The US average is $69,021 a year.