Zip 61956 (Villa Grove, IL) Economy


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United States / Illinois / No Metro Area / Douglas County / No City / Villa Grove (zip 61956)
Villa Grove, IL (61956) is a great place to live with an average two bedroom rent of $840. This rent is far below the US average of $1,430 making it a very affordable option for many people. The Grocery Cost Index in the area is 93 compared to the US average of 100, making groceries more affordable too! The area offers a variety of local businesses such as Brown's Repair and Home Center, Marley's Bar and Grill, J&K Auto Glass, and Villa Motel. There are also plenty of nearby amenities such as parks, golf courses, Lake Shelbyville, and the Douglas-Vermilion County State Fish & Wildlife Area.

Villa Grove (zip 61956) has an unemployment rate of 3.9%. The US average is 6.0%.

Villa Grove (zip 61956) has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 30.5%, which is lower than the US average of 33.5%.

Tax Rates for Villa Grove (zip 61956)
- The Sales Tax Rate for Villa Grove (zip 61956) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Villa Grove (zip 61956) 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 Villa Grove (zip 61956)
- The average income of a Villa Grove (zip 61956) resident is $24,763 a year. The US average is $28,555 a year.
- The Median household income of a Villa Grove (zip 61956) resident is $58,938 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyVilla Grove, IllinoisUnited States
  3.96
  -4.6%-6.2%
  30.5%33.5%
  8.3%6.2%
  5.0%4.6%
  $30,016$37,638
  $58,938$69,021
  $82,870$85,028
  Population by Occupation
  2.3%1.2%
  0.3%0.5%
  8.0%6.8%
  11.4%10.0%
  1.7%2.5%
  12.8%11.0%
  8.0%4.8%
  0.3%0.8%
  2.7%1.9%
  3.2%4.7%
  0.3%1.9%
  1.4%7.6%
  0.0%0.1%
  1.2%4.2%
  19.1%9.3%
  13.2%14.0%
  0.3%2.1%
  8.4%7.0%
  3.3%4.8%
  1.9%4.7%
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