Zip 62094 (Witt, IL) Economy


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United States / Illinois / No Metro Area / Montgomery County / No City / Witt (zip 62094)
Witt, IL is a small town located in Montgomery County. It has a population of 620 people and is known for its quiet atmosphere and accessible amenities. The cost of two-bedroom rent is $620, which is much lower than the US average of $1430. Additionally, the Grocery Cost Index here is 88 compared to 100 in the US.
The proximity to larger towns such as Hillsboro and Litchfield makes Witt ideal for those looking for a peaceful place to live at an affordable price but still have access to nearby attractions and areas. In Witt, there are plenty of local businesses that residents can support such as Farmview IGA grocery stores, Mannies Pizza & Pub for family-friendly dining, King’s Automotive Repair for car maintenance services, and Witt Lumber Co Inc for home improvement products.
Surrounded by farms and neighboring towns, Witt offers a peaceful neighborhood with all the necessary amenities within reach. Perfectly situated in Montgomery County with easy access to nearby cities and attractions it makes an ideal location for those looking for an affordable yet comfortable place to call home

Witt (zip 62094) has an unemployment rate of 6.4%. The US average is 6.0%.

Witt (zip 62094) has seen the job market decrease by -6.6% over the last year. Future job growth over the next ten years is predicted to be 26.7%, which is lower than the US average of 33.5%.

Tax Rates for Witt (zip 62094)
- The Sales Tax Rate for Witt (zip 62094) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Witt (zip 62094) 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 Witt (zip 62094)
- The average income of a Witt (zip 62094) resident is $25,377 a year. The US average is $37,638 a year.
- The Median household income of a Witt (zip 62094) resident is $45,192 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWitt, IllinoisUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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