Speer, IL is a small town in Peoria County with a population of 61479. It is a relatively affordable place to live and rent for those who are looking for a peaceful and low-key lifestyle. The 2 bedroom rent in Speer is $800 compared to the US average of $1,430 making it an ideal spot for those on a budget. Additionally, the grocery cost index in Speer is 90 compared to the US average of 100 which means groceries should be cheaper than average. There are many companies located near Speer such as Caterpillar Inc., Peoria CityLink, and CEFCU offering employment opportunities to locasl. All in all, Speer is an excellent option for those looking for an affordable cost of living without sacrificing conveniences or job prospects.
Speer (zip 61479) has an unemployment rate of 6.7%. The US average is 6.0%.
Speer (zip 61479) 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 18.1%, which is lower than the US average of 33.5%.
Tax Rates for Speer (zip 61479)
- The Sales Tax Rate for Speer (zip 61479) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Speer (zip 61479) 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 Speer (zip 61479)
- The average income of a Speer (zip 61479) resident is $31,627 a year. The US average is $28,555 a year.
- The Median household income of a Speer (zip 61479) resident is $101,250 a year. The US average is $69,021 a year.