The small town of West Liberty, IL located in 62475 has an affordable cost of living compared to the US. The average 2 bedroom rent is $680, which is significantly lower than the national average rent of $1,430. Furthermore, the grocery cost index is 91 versus 100 in the US, showing that groceries are 9% cheaper in West Liberty than they are nationally. This makes it a great place to live for those who want to save money. Local businesses include West Liberty True Value Hardware Store, a local favorite that provides quality hardware supplies; Quillen’s Grocery Store, which offers quality produce and groceries at discounted prices; and Don’s Pharmacy & Home Health Care Center for all health-related needs. With its lower-than-average cost of living and quality local businesses, West Liberty is an ideal place to live.
West Liberty (zip 62475) has an unemployment rate of 5.2%. The US average is 6.0%.
West Liberty (zip 62475) has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 24.6%, which is lower than the US average of 33.5%.
Tax Rates for West Liberty (zip 62475)
- The Sales Tax Rate for West Liberty (zip 62475) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for West Liberty (zip 62475) 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 West Liberty (zip 62475)
- The average income of a West Liberty (zip 62475) resident is $23,395 a year. The US average is $37,638 a year.
- The Median household income of a West Liberty (zip 62475) resident is $63,828 a year. The US average is $69,021 a year.