Vergennes, IL is a small town in the mid-western region of Illinois. The population is 62994 and it is known for its beautiful scenery and family-friendly atmosphere. The 2 bedroom rental costs in Vergennes are $770, which is much lower than the US average of $1,430 making it an affordable place to live. The grocery cost index in Vergennes is 93 compared to 100 in the US, making groceries relatively inexpensive. Vergennes has many local businesses that contribute to its economy such as Halpin’s Auto Body Inc., Myles Manufacturing Company Inc. and Carpet Pro Flooring America. In conclusion, Vergennes is a wonderful place to live with its low cost of living and great services provided by local companies.
Vergennes (zip 62994) has an unemployment rate of 5.9%. The US average is 6.0%.
Vergennes (zip 62994) has seen the job market decrease by -6.9% over the last year. Future job growth over the next ten years is predicted to be 21.5%, which is lower than the US average of 33.5%.
Tax Rates for Vergennes (zip 62994)
- The Sales Tax Rate for Vergennes (zip 62994) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Vergennes (zip 62994) 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 Vergennes (zip 62994)
- The average income of a Vergennes (zip 62994) resident is $22,260 a year. The US average is $37,638 a year.
- The Median household income of a Vergennes (zip 62994) resident is $52,500 a year. The US average is $69,021 a year.