61572 Yates City, IL is a small city located in Knox County. It has an estimated population of just over 800 people and is known for its friendly atmosphere and close-knit community. Rent on two bedroom apartments is much lower than the national average at $760 per month. The cost of groceries is also lowered by 8 points compared to the US index, making it a great place to stretch your dollar. There are a number of local businesses that contribute to the economy of Yates City, such as Atlas Automotive Repair, Kids Corner Day Care Center, and Yates City Public Library. The city also hosts festivals and events throughout the year for locals and visitors alike to enjoy.
Yates City (zip 61572) has an unemployment rate of 7.5%. The US average is 6.0%.
Yates City (zip 61572) has seen the job market decrease by -7.1% 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 Yates City (zip 61572)
- The Sales Tax Rate for Yates City (zip 61572) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Yates City (zip 61572) 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 Yates City (zip 61572)
- The average income of a Yates City (zip 61572) resident is $31,435 a year. The US average is $37,638 a year.
- The Median household income of a Yates City (zip 61572) resident is $60,679 a year. The US average is $69,021 a year.