Zip 62474 (Westfield, IL) Economy


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United States / Illinois / No Metro Area / Clark County / No City / Westfield (zip 62474)
Westfield, IL is an area in Sangamon County with a population of 62474. It is a great place to live with an affordable 2 bedroom apartment rent at $740 compared to the US average of $1,430. The grocery cost index in Westfield is 91 versus 100 in the US, making it even more desirable for people on a budget. There are several local businesses located here such as T-Mobile, Family Video, Walgreens and Dunkin' Donuts. These companies provide goods and services to residents that would otherwise have to go farther away or online. All of these factors make Westfield an attractive option for those looking for low cost living without compromising on quality.

Westfield (zip 62474) has an unemployment rate of 6.2%. The US average is 6.0%.

Westfield (zip 62474) has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 20.6%, which is lower than the US average of 33.5%.

Tax Rates for Westfield (zip 62474)
- The Sales Tax Rate for Westfield (zip 62474) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Westfield (zip 62474) 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 Westfield (zip 62474)
- The average income of a Westfield (zip 62474) resident is $25,822 a year. The US average is $28,555 a year.
- The Median household income of a Westfield (zip 62474) resident is $56,161 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWestfield, IllinoisUnited States
  6.26
  -7.8%-6.2%
  20.6%33.5%
  7.3%6.2%
  5.0%4.6%
  $28,927$37,638
  $56,161$69,021
  $68,750$85,028
  Population by Occupation
  4.9%1.2%
  0.0%0.5%
  7.8%6.8%
  13.1%10.0%
  2.3%2.5%
  17.0%11.0%
  1.6%4.8%
  0.7%0.8%
  0.7%1.9%
  4.6%4.7%
  1.3%1.9%
  2.9%7.6%
  0.0%0.1%
  0.0%4.2%
  14.7%9.3%
  15.7%14.0%
  0.0%2.1%
  4.6%7.0%
  4.9%4.8%
  3.3%4.7%
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