61529 Elmwood, IL is a great place to live. The city offers an affordable living cost with a two bedroom rent of only $790 compared to the US average of $1,430. Grocery shopping is also convenient and significantly cheaper than the US average index at 93 compared to 100. Additionally, there are plenty of businesses to explore in the area such as Kinney Drugs Pharmacy, Carrie's Corner Diner & Tavern, and High Point Automotive Repair. Residents will have no trouble finding everything they need right here in their own neighborhood.
Elmwood (zip 61529) has an unemployment rate of 8.2%. The US average is 6.0%.
Elmwood (zip 61529) has seen the job market decrease by -7.5% over the last year. Future job growth over the next ten years is predicted to be 17.6%, which is lower than the US average of 33.5%.
Tax Rates for Elmwood (zip 61529)
- The Sales Tax Rate for Elmwood (zip 61529) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Elmwood (zip 61529) 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 Elmwood (zip 61529)
- The average income of a Elmwood (zip 61529) resident is $35,657 a year. The US average is $37,638 a year.
- The Median household income of a Elmwood (zip 61529) resident is $85,190 a year. The US average is $69,021 a year.