Stonington, Illinois is a small rural town located in the heart of Central Illinois. With a population of 62567, Stonington is the perfect place to settle down and start a family. The 2 bedroom rent in Stonington is $840 compared to $1430 nationally, making it an affordable option for those looking to rent or buy. Additionally, the Grocery Cost Index in Stonington is 92 versus 100 nationally, indicating that groceries are more affordable here than they are on average across the US. \nFor those looking to work in Stonington, there are several local companies including Peterson Farms Seed Company which supplies farmers with high-quality seed for crops; Harms Woodworking which specializes in custom cabinetry; and Dowland Tire & Auto Service which provides maintenance services for vehicles. All three businesses have been serving Stonington residents for many years and are well-known throughout the community.
Stonington (zip 62567) has an unemployment rate of 6.3%. The US average is 6.0%.
Stonington (zip 62567) has seen the job market decrease by -9.8% over the last year. Future job growth over the next ten years is predicted to be 12.9%, which is lower than the US average of 33.5%.
Tax Rates for Stonington (zip 62567)
- The Sales Tax Rate for Stonington (zip 62567) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Stonington (zip 62567) 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 Stonington (zip 62567)
- The average income of a Stonington (zip 62567) resident is $29,266 a year. The US average is $37,638 a year.
- The Median household income of a Stonington (zip 62567) resident is $54,250 a year. The US average is $69,021 a year.