62570 Tovey, IL is an ideal place to live for those looking for a smaller town atmosphere and affordability. The average 2 bedroom rent in the area of 62570 Tovey, IL is $710 compared to the national average of $1,430. This makes 62570 Tovey, IL a great option for people looking to save money on rent or buy a home. The grocery cost index for this area is 91 compared to the US average of 100, making it more affordable than other places as well. With its small town charm and affordability, 62570 Tovey, IL has become a popular destination for people looking to settle down. \nLocal businesses in 62570 Tovey, IL include Saddlewood Golf Course, Jones & Co., Jaxon Bait Shop & Hunting Supplies Inc., and Newton's Carpet Cleaning & Restoration Services. These companies offer goods and services that make it easier for residents to enjoy their time living in 62570 Tovey, IL while also supporting local businesses.
Tovey (zip 62570) has an unemployment rate of 6.3%. The US average is 6.0%.
Tovey (zip 62570) 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 Tovey (zip 62570)
- The Sales Tax Rate for Tovey (zip 62570) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Tovey (zip 62570) 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 Tovey (zip 62570)
- The average income of a Tovey (zip 62570) resident is $27,346 a year. The US average is $37,638 a year.
- The Median household income of a Tovey (zip 62570) resident is $79,167 a year. The US average is $69,021 a year.