Wayne City, IL (62895) is a small city located in Wayne County. It boasts a population of less than 800 people and is well known for its tight knit community. The average 2 bedroom rent in the area is $790, which is significantly lower than the US average at $1,430 - making it an ideal place for those looking to save on their housing expenses. Grocery costs also tend to be low thanks to a local grocery cost index of 93 versus 100 in the US.
When living in Wayne City, there are plenty of local businesses and amenities to enjoy. There are two churches in town as well as several restaurants including La Paloma Mexican Restaurant and Wetzel's Bar & Grill. For shopping, residents have access to Big R Farm Store where they can find all their farming needs, plus there are several gas stations such as Clark Oil and Ewing Oil Company within the town limits.
Wayne City (zip 62895) has an unemployment rate of 5.4%. The US average is 6.0%.
Wayne City (zip 62895) has seen the job market decrease by -6.8% over the last year. Future job growth over the next ten years is predicted to be 6.2%, which is lower than the US average of 33.5%.
Tax Rates for Wayne City (zip 62895)
- The Sales Tax Rate for Wayne City (zip 62895) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Wayne City (zip 62895) 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 Wayne City (zip 62895)
- The average income of a Wayne City (zip 62895) resident is $26,190 a year. The US average is $37,638 a year.
- The Median household income of a Wayne City (zip 62895) resident is $51,853 a year. The US average is $69,021 a year.