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Zip 62018 (Cottage Hills, IL) Economy


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Cottage Hills, IL is located in the Greater St. Louis area and is home to 62018 residents. It has a relatively low cost of living, with 2 bedroom rent at $840 per month, compared to the US average of $1,430. Additionally, the grocery cost index here is 91 versus 100 nationwide. The city offers a variety of eateries and local businesses for residents to patronize, like Cottage Hills Diner, a family-owned diner that has been serving up classic American fare since 1972; and Anderson's Automotive Repair & Supply, an automotive service center and retail parts store that has been providing quality service since 1962. There are also plenty of other small businesses located in Cottage Hills that offer a wide range of services from pet care to auto repair to professional catering. With its affordable housing prices and variety of local businesses, Cottage Hills is an attractive place for people looking for an affordable place to live.

Cottage Hills (zip 62018) has an unemployment rate of 5.4%. The US average is 6.0%.

Cottage Hills (zip 62018) has seen the job market decrease by -6.8% over the last year. Future job growth over the next ten years is predicted to be 31.5%, which is lower than the US average of 33.5%.

Tax Rates for Cottage Hills (zip 62018)
- The Sales Tax Rate for Cottage Hills (zip 62018) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Cottage Hills (zip 62018) is 5.0%. The US average is 4.6%.
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Income and Salaries for Cottage Hills (zip 62018)
- The average income of a Cottage Hills (zip 62018) resident is $20,416 a year. The US average is $37,638 a year.
- The Median household income of a Cottage Hills (zip 62018) resident is $44,662 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCottage Hills, 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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