Zip 61363 (Standard, IL) Economy


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United States / Illinois / No Metro Area / Putnam County / Standard / Standard (zip 61363)
Standard, IL is a great place to live with lots of local amenities and businesses. The average 2 Bedroom Rent in Standard is $730, which is significantly lower than the US average of $1,430. Also, the Grocery Cost Index in Standard is 92 compared to 100 in the US. This makes it a more affordable place to live than many other areas. Standard has plenty of shopping, restaurants and entertainment options. For example, there are popular stores like Walmart and Kohl's for grocery shopping and department store needs. For dining out, there are several local favorites such as Rich's Fireside Grill & Pub. There are also plenty of recreational activities available such as golf courses at Deer Path Golf Course or outdoor recreation at nearby Rock Cut State Park.

Standard (zip 61363) has an unemployment rate of 6.2%. The US average is 6.0%.

Standard (zip 61363) has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 25.3%, which is lower than the US average of 33.5%.

Tax Rates for Standard (zip 61363)
- The Sales Tax Rate for Standard (zip 61363) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Standard (zip 61363) 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 Standard (zip 61363)
- The average income of a Standard (zip 61363) resident is $26,407 a year. The US average is $28,555 a year.
- The Median household income of a Standard (zip 61363) resident is $42,344 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyStandard, IllinoisUnited States
  6.26
  -6.8%-6.2%
  25.3%33.5%
  6.3%6.2%
  5.0%4.6%
  $37,264$37,638
  $42,344$69,021
  $86,667$85,028
  Population by Occupation
  2.4%1.2%
  2.4%0.5%
  6.5%6.8%
  16.9%10.0%
  2.4%2.5%
  19.4%11.0%
  3.2%4.8%
  0.0%0.8%
  0.0%1.9%
  7.3%4.7%
  4.0%1.9%
  0.8%7.6%
  0.0%0.1%
  4.8%4.2%
  10.5%9.3%
  11.3%14.0%
  0.8%2.1%
  3.2%7.0%
  1.6%4.8%
  2.4%4.7%
Health