Zip 61088 (Winnebago, IL) Economy


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United States / Illinois / Rockford Metro Area / Winnebago County / No City / Winnebago (zip 61088)
61088 Winnebago, IL is a small town in the northern region of Illinois with an estimated population of 1,755. Winnebago offers a variety of amenities such as local grocery stores like Tompkins Foods, 7-Eleven and County Market. Residents can also find local banks such as First Midwest Bank and Citizens State Bank as well as Pizza Hut and Subway for dining out. The cost of living in 61088 Winnebago, IL is quite reasonable with 2 bedroom rent at $980 per month which is lower than the national average of $1,430. Grocery Cost Index in 61088 Winnebago is 93 compared to 100 in the US making it a cost-effective place to live.

Winnebago (zip 61088) has an unemployment rate of 8.1%. The US average is 6.0%.

Winnebago (zip 61088) has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.

Tax Rates for Winnebago (zip 61088)
- The Sales Tax Rate for Winnebago (zip 61088) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Winnebago (zip 61088) 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 Winnebago (zip 61088)
- The average income of a Winnebago (zip 61088) resident is $32,483 a year. The US average is $28,555 a year.
- The Median household income of a Winnebago (zip 61088) resident is $87,653 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWinnebago, IllinoisUnited States
  8.16
  -9.1%-6.2%
  23.5%33.5%
  7.3%6.2%
  5.0%4.6%
  $40,104$37,638
  $87,653$69,021
  $94,193$85,028
  Population by Occupation
  1.9%1.2%
  0.3%0.5%
  8.3%6.8%
  21.1%10.0%
  4.6%2.5%
  8.6%11.0%
  5.3%4.8%
  0.4%0.8%
  0.1%1.9%
  4.0%4.7%
  1.5%1.9%
  3.4%7.6%
  0.0%0.1%
  3.1%4.2%
  10.3%9.3%
  14.0%14.0%
  0.3%2.1%
  6.9%7.0%
  3.6%4.8%
  2.5%4.7%
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