Zip 62476 (West Salem, IL) Economy


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United States / Illinois / No Metro Area / Edwards County / West Salem / West Salem (zip 62476)
62476 West Salem, IL is a great place to call home with its affordable 2 bedroom rent at $680. The average US 2 bedroom rent is approximately double that at $1,430, making 62476 West Salem an ideal choice for those looking to save on housing. Grocery cost index in 62476 West Salem is also 92 compared to the national average of 100 so groceries also cost less here than the US as a whole. 62476 West Salem has plenty of local companies and landmarks such as the Boyd's Market Grocery store, Pestel Veterinary Clinic, and West Salem Country Club. It's a wonderful town with much to offer!

West Salem (zip 62476) has an unemployment rate of 5.3%. The US average is 6.0%.

West Salem (zip 62476) has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 19.4%, which is lower than the US average of 33.5%.

Tax Rates for West Salem (zip 62476)
- The Sales Tax Rate for West Salem (zip 62476) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for West Salem (zip 62476) 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 Salem (zip 62476)
- The average income of a West Salem (zip 62476) resident is $20,052 a year. The US average is $28,555 a year.
- The Median household income of a West Salem (zip 62476) resident is $56,176 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWest Salem, IllinoisUnited States
  5.36
  -5.6%-6.2%
  19.4%33.5%
  7.3%6.2%
  5.0%4.6%
  $29,181$37,638
  $56,176$69,021
  $82,031$85,028
  Population by Occupation
  14.5%1.2%
  2.6%0.5%
  1.9%6.8%
  33.5%10.0%
  0.7%2.5%
  6.4%11.0%
  3.6%4.8%
  0.0%0.8%
  0.4%1.9%
  2.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  4.4%4.2%
  4.9%9.3%
  17.6%14.0%
  0.0%2.1%
  3.3%7.0%
  3.9%4.8%
  0.3%4.7%
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