Urbana, IL (zip code 61801) is located in East Central Illinois and offers an affordable cost of living. The average 2 Bedroom Rent in Urbana IL is $1,030, which is much lower than the US average rent of $1,430. Additionally, the Grocery Cost Index for Urbana is 94 versus 100 in the US. Not only does Urbana offer a lower cost of living compared to other cities, but it offers plenty of local attractions and activities. The University of Illinois at Urbana-Champaign hosts numerous events throughout the year such as speakers on campus, football games, and music festivals. Other popular attractions include Iron Post Music Venue, Crystal Lake Park, Krannert Center for Performing Arts, National Underground Railroad Freedom Center at the University of Illinois at Springfield and much more. There are also many local businesses such as Varsity Car Wash & Lube Center Inc., Comlara Park and Sun Singer Wine & Spirits that provide entertainment and services to locals and visitors alike.
Urbana (zip 61801) has an unemployment rate of 4.5%. The US average is 6.0%.
Urbana (zip 61801) has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 29.2%, which is lower than the US average of 33.5%.
Tax Rates for Urbana (zip 61801)
- The Sales Tax Rate for Urbana (zip 61801) is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Urbana (zip 61801) 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 Urbana (zip 61801)
- The average income of a Urbana (zip 61801) resident is $22,377 a year. The US average is $37,638 a year.
- The Median household income of a Urbana (zip 61801) resident is $31,843 a year. The US average is $69,021 a year.