Spring Valley, IL (zip code 61362) is an affordable and desirable place to live. The average 2 bedroom rent is only $790 a month, making it a much more cost effective option than the US rate of $1,430. The local grocery cost index of 92 also ensures that you can have access to affordable groceries.
In addition to its affordability, Spring Valley offers plenty of local amenities. Some of the most popular places for residents are the PAD Thai Cafe for delicious Asian cuisine, AJ's Bar & Grill for good food and drinks, and Dondra’s Hair Salon for styling needs. Other services in the area include Ernie’s Lawn Service, GioLau Photography Studio, and HighLife Wellness Center for massage therapy.
Spring Valley (zip 61362) has an unemployment rate of 6.3%. The US average is 6.0%.
Spring Valley (zip 61362) has seen the job market decrease by -8.2% over the last year. Future job growth over the next ten years is predicted to be 33.9%, which is higher than the US average of 33.5%.
Tax Rates for Spring Valley (zip 61362)
- The Sales Tax Rate for Spring Valley (zip 61362) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Spring Valley (zip 61362) 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 Spring Valley (zip 61362)
- The average income of a Spring Valley (zip 61362) resident is $28,822 a year. The US average is $37,638 a year.
- The Median household income of a Spring Valley (zip 61362) resident is $55,078 a year. The US average is $69,021 a year.