62374 Tennessee, IL is a small city in the state of Illinois that offers a unique quality of life for its residents. Renting an apartment here can be quite reasonable with 2 bedroom apartments averaging $730 compared to $1,430 for the same size throughout the United States. Food costs are also comparatively low in 62374 as the Grocery Cost Index is 91 versus 100 for the US average. There are several businesses located near 62374 including Tennessee Shop 'N Save, Handyman Home Improvement Center, and Central Bank & Trust Co. These stores provide a variety of services and products for people living in 62374 and beyond. The cost of living in 62374 Tennessee is much lower than most other areas of the United States making it an ideal place to live or visit.
Tennessee (zip 62374) has an unemployment rate of 5.3%. The US average is 6.0%.
Tennessee (zip 62374) has seen the job market decrease by -7.4% over the last year. Future job growth over the next ten years is predicted to be 16.6%, which is lower than the US average of 33.5%.
Tax Rates for Tennessee (zip 62374)
- The Sales Tax Rate for Tennessee (zip 62374) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Tennessee (zip 62374) 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 Tennessee (zip 62374)
- The average income of a Tennessee (zip 62374) resident is $34,960 a year. The US average is $37,638 a year.
- The Median household income of a Tennessee (zip 62374) resident is $48,750 a year. The US average is $69,021 a year.