Zip 61489 (Williamsfield, IL) Economy


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United States / Illinois / Galesburg Metro Area / Knox County / No City / Williamsfield (zip 61489)
Williamsfield, IL is a small town with a lot to offer. The town is located in Knox County and boasts a population of 61489. The average 2 bedroom rent in Williamsfield is $770, which is significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index in Williamsfield is 91 compared to 100 for the US on average. As for amenities, Williamsfield has many great local companies such as Staley Automotive Group and Edward Jones Financial Services, making it easy to take care of all your needs. There are also several great schools in the area including Galesburg High School and Knox College that provide quality education opportunities for both children and adults. For recreation there are plenty of attractions too such as Lake Storey Park and Sandburg Mall. With so much to do in Williamsfield, IL it's no wonder why its population continues to grow every year.

Williamsfield (zip 61489) has an unemployment rate of 7.5%. The US average is 6.0%.

Williamsfield (zip 61489) has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 16.6%, which is lower than the US average of 33.5%.

Tax Rates for Williamsfield (zip 61489)
- The Sales Tax Rate for Williamsfield (zip 61489) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Williamsfield (zip 61489) 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 Williamsfield (zip 61489)
- The average income of a Williamsfield (zip 61489) resident is $24,286 a year. The US average is $28,555 a year.
- The Median household income of a Williamsfield (zip 61489) resident is $75,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWilliamsfield, IllinoisUnited States
  7.56
  -7.1%-6.2%
  16.6%33.5%
  7.8%6.2%
  5.0%4.6%
  $38,087$37,638
  $75,250$69,021
  $82,969$85,028
  Population by Occupation
  8.7%1.2%
  0.0%0.5%
  6.1%6.8%
  17.2%10.0%
  7.0%2.5%
  7.3%11.0%
  4.4%4.8%
  0.2%0.8%
  1.2%1.9%
  6.3%4.7%
  0.5%1.9%
  4.9%7.6%
  0.7%0.1%
  0.5%4.2%
  6.8%9.3%
  18.9%14.0%
  1.9%2.1%
  1.0%7.0%
  2.4%4.8%
  3.9%4.7%
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