Wellington, IL (Zip Code 60973) is a great place to live due to its reasonable cost of living. The average two bedroom rental in Wellington is only $670 compared to the national average of $1,430. Furthermore, the Grocery Cost Index in Wellington is 91 compared to 100 in the US. Companies such as grocery stores, restaurants, and retail outlets are beneficiaries of these low costs as it allows them to offer more competitive prices and increased consumer confidence. Local businesses, such as Miller’s IGA Supermarket, Betterton’s Hardware and Sporting Goods Store or Fenner Feed Mill might be able to take advantage of the lower living costs.
Wellington (zip 60973) has an unemployment rate of 5.6%. The US average is 6.0%.
Wellington (zip 60973) has seen the job market decrease by -7.7% over the last year. Future job growth over the next ten years is predicted to be 27.3%, which is lower than the US average of 33.5%.
Tax Rates for Wellington (zip 60973)
- The Sales Tax Rate for Wellington (zip 60973) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Wellington (zip 60973) 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 Wellington (zip 60973)
- The average income of a Wellington (zip 60973) resident is $18,020 a year. The US average is $37,638 a year.
- The Median household income of a Wellington (zip 60973) resident is $40,156 a year. The US average is $69,021 a year.