Wilmington, IL (62078) is a small town located about 60 miles south of Chicago. This city has a population of 4,700 residents and is an ideal location for those looking for a more laid-back lifestyle. The 2 Bedroom rent in Wilmington is $720 per month making it more affordable than the US average of $1,430. Additionally, the Grocery Cost Index in Wilmington is only 90 versus 100 in the US which means groceries are even more affordable here.
Wilmington has multiple local businesses that have a positive impact on the community. One such business is Interstate Truck Center which provides parts and services for commercial truck drivers. Another major employer in Wilmington is Turano Baking Company which produces Italian breads & rolls, pizza crusts, flatbreads and other specialty items. These companies provide employment to locals as well as bring revenue to the city through taxes and other associated costs with running a business.
Wilmington (zip 62078) has an unemployment rate of 5.0%. The US average is 6.0%.
Wilmington (zip 62078) has seen the job market decrease by -5.0% over the last year. Future job growth over the next ten years is predicted to be 23.0%, which is lower than the US average of 33.5%.
Tax Rates for Wilmington (zip 62078)
- The Sales Tax Rate for Wilmington (zip 62078) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Wilmington (zip 62078) 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 Wilmington (zip 62078)
- The average income of a Wilmington (zip 62078) resident is $20,201 a year. The US average is $37,638 a year.
- The Median household income of a Wilmington (zip 62078) resident is $41,875 a year. The US average is $69,021 a year.