62571 Tower Hill, IL is a great place to live for those who want access to city amenities while still enjoying a small-town feel. The 2 bedroom rent in this area is $780, which is far less than the US average of $1,430. This low rent helps keep the overall cost of living in 62571 Tower Hill, IL low, allowing residents to save money on their housing costs. Additionally, the Grocery Cost Index in this area is 91 versus 100 in the US, making it an affordable place to buy groceries. Local businesses like Tower Hill C Store, AMVETS Post #39 and Red Apple Pizza offer a variety of goods and services for locals at competitive prices. All of these factors combine to make 62571 Tower Hill, IL an affordable place to live with plenty of local amenities.
Tower Hill (zip 62571) has an unemployment rate of 4.8%. The US average is 6.0%.
Tower Hill (zip 62571) has seen the job market decrease by -6.4% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Tower Hill (zip 62571)
- The Sales Tax Rate for Tower Hill (zip 62571) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Tower Hill (zip 62571) 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 Tower Hill (zip 62571)
- The average income of a Tower Hill (zip 62571) resident is $28,214 a year. The US average is $37,638 a year.
- The Median household income of a Tower Hill (zip 62571) resident is $60,743 a year. The US average is $69,021 a year.