Palmer is an idyllic small town located in Illinois, just about 25 miles from Springfield. It is home to around 1,400 residents that enjoy a low cost of living, evidenced by the 2 bedroom rent of $740 which is significantly lower than the US average of $1,430. The grocery cost index here is also much lower at 91 compared to the US average of 100. Some notable local businesses and attractions include Church Street Farms, Lanham's BBQ & Catering Company, and the famous Palmer Lake Park. Every summer visitors flock to this lakeside park for picnics, cookouts and swimming. There are also plenty of hiking trails nearby to explore. All in all, Palmer is a peaceful town offering quality outdoor activities at an unbeatable price.
Palmer (zip 62556) has an unemployment rate of 6.3%. The US average is 6.0%.
Palmer (zip 62556) has seen the job market decrease by -9.8% over the last year. Future job growth over the next ten years is predicted to be 12.9%, which is lower than the US average of 33.5%.
Tax Rates for Palmer (zip 62556)
- The Sales Tax Rate for Palmer (zip 62556) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Palmer (zip 62556) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.
Income and Salaries for Palmer (zip 62556)
- The average income of a Palmer (zip 62556) resident is $25,513 a year. The US average is $37,638 a year.
- The Median household income of a Palmer (zip 62556) resident is $47,708 a year. The US average is $69,021 a year.