62556 Zip Code (Palmer, IL) Detailed Profile

Estimated zip code population in 2022: 316
Zip code population in 2010: 422
Zip code population in 2000: 418

Houses and condos: 144
Renter-occupied apartments: 14
March 2022 cost of living index in zip code 62556: 83.5 (less than average, U.S. average is 100)

Land area: 21.5 sq. mi.
Water area: 0.0 sq. mi.

Population density: 15 people per square mile

(very low).

Real estate property taxes paid for housing units in 2022:
Median real estate property taxes paid for housing units with mortgages in 2022: $1,655 (1.6%)
Median real estate property taxes paid for housing units with no mortgage in 2022: $1,392 (1.8%)

For population 25 years and over in 62556:

• High school or higher: 92.4%
• Bachelor's degree or higher: 14.4%
• Graduate or professional degree: 2.2%
• Unemployed: 5.9%
• Mean travel time to work (commute): 22.4 minutes

For population 15 years and over in 62556:

• Never married: 23.0%
• Now married: 58.1%
• Separated: 0.7%
• Widowed: 11.5%
• Divorced: 6.7%

100% rural population.

Averages for the 2020 tax year for zip code 62556, filed in 2021:

Average Adjusted Gross Income (AGI) in 2020: $54,033 (Individual Income Tax Returns)

Here:	$54,033
State:	$82,626

Salary/wage: $46,792 (reported on 80.0% of returns)

Here:	$46,792
State:	$66,640

(% of AGI for various income ranges: 890.0% for AGIs below $25k, 3270.0% for AGIs $25k-50k, 10695.0% for AGIs $50k-75k)

Taxable interest for individuals: $280 (reported on 33.3% of returns)

This zip code:	$280
Illinois:	$2,376

(% of AGI for various income ranges: 7.5% for AGIs below $25k, 27.5% for AGIs $50k-75k)

Ordinary dividends: $600 (reported on 13.3% of returns)

Here:	$600
State:	$9,061

(% of AGI for various income ranges: 40.0% for AGIs $25k-50k)

Earned income credit: $2,350 (reported on 13.3% of returns)

Here:	$2,350
State:	$2,311

(% of AGI for various income ranges: 117.5% for AGIs below $25k)

Percentage of individuals using paid preparers for their 2020 taxes: 93.3%

Here:	93%
State:	93%

(% for various income ranges: 80.0% for AGIs below $25k, 100.0% for AGIs $25k-50k, 150.0% for AGIs $50k-75k, 0.0% for AGIs $100k-200k)

Averages for the 2012 tax year for zip code 62556, filed in 2013:

Average Adjusted Gross Income (AGI) in 2012: $41,617 (Individual Income Tax Returns)

Here:	$41,617
State:	$68,058

Salary/wage: $32,371 (reported on 77.8% of returns)

Here:	$32,371
State:	$55,396

(% of AGI for various income ranges: 67.5% for AGIs below $25k, 65.3% for AGIs $25k-50k, 65.0% for AGIs $50k-75k, 52.4% for AGIs $75k-100k)

Taxable interest for individuals: $720 (reported on 27.8% of returns)

This zip code:	$720
Illinois:	$1,969

Ordinary dividends: $850 (reported on 11.1% of returns)

Here:	$850
State:	$7,786

Earned income credit: $1,733 (reported on 16.7% of returns)

Here:	$1,733
State:	$2,349

(% of AGI for various income ranges: 6.2% for AGIs below $25k)

Percentage of individuals using paid preparers for their 2012 taxes: 66.7%

Here:	67%
State:	57%

(% for various income ranges: 57.1% for AGIs below $25k, 60.0% for AGIs $25k-50k, 100.0% for AGIs $50k-75k, 66.7% for AGIs $75k-100k)

Averages for the 2004 tax year for zip code 62556, filed in 2005:

Average Adjusted Gross Income (AGI) in 2004: $35,146 (Individual Income Tax Returns)

Here:	$35,146
State:	$54,625

Salary/wage: $26,575 (reported on 87.4% of returns)

Here:	$26,575
State:	$46,811

(% of AGI for various income ranges: 73.1% for AGIs below $10k, 69.4% for AGIs $10k-25k, 64.4% for AGIs $25k-50k, 74.6% for AGIs $50k-75k, 57.7% for AGIs $75k-100k)

Taxable interest for individuals: $724 (reported on 43.7% of returns)

This zip code:	$724
Illinois:	$2,101

(% of AGI for various income ranges: 3.0% for AGIs below $10k, 1.0% for AGIs $10k-25k, 1.9% for AGIs $25k-50k, 0.4% for AGIs $50k-75k, 0.3% for AGIs $75k-100k)

Taxable dividends: $441 (reported on 17.1% of returns)

Here:	$441
State:	$4,306

Net capital gain/loss: +$1,095 (reported on 10.6% of returns)

Here:	+$1,095
State:	+$17,321

Profit/loss from business: +$5,080 (reported on 12.6% of returns)

Here:	+$5,080
State:	+$11,771

Profit/loss from farming: +$6,438 (reported on 8.0% of returns)

Here:	+$6,438
State:	+$2,327

Total itemized deductions: $14,594 (23% of AGI, reported on 16.1% of returns)

Here:	$14,594
State:	$20,239

Here:	23.0% of AGI
State:	19.5% of AGI

(% of AGI for various income ranges: 15.8% for AGIs $10k-25k, 7.4% for AGIs $50k-75k, 8.7% for AGIs $75k-100k)

Charity contributions deductions: $1,294 (2% of AGI, reported on 8.5% of returns)

Here:	$1,294
State:	$3,719

Here:	1.8% of AGI
State:	3.4% of AGI

Total tax: $3,607 (reported on 75.4% of returns)

62556:	$3,607
State:	$9,882

(% of AGI for various income ranges: 3.0% for AGIs below $10k, 3.4% for AGIs $10k-25k, 8.2% for AGIs $25k-50k, 8.0% for AGIs $50k-75k, 9.3% for AGIs $75k-100k)

Earned income credit: $1,529 (reported on 17.1% of returns)

Here:	$1,529
State:	$1,788

Percentage of individuals using paid preparers for their 2004 taxes: 78.4%

Here:	78%
State:	61%

(% for various income ranges: 64.1% for AGIs below $10k, 86.5% for AGIs $10k-25k, 76.9% for AGIs $25k-50k, 78.8% for AGIs $50k-75k, 87.0% for AGIs $75k-100k)

Nearest zip codes: 62546, 62540, 62568, 62517, 62570, 62555.
No gay or lesbian households reported

Household received Food Stamps/SNAP in the past 12 months: 16
Household did not receive Food Stamps/SNAP in the past 12 months: 121

Women who had a birth in the past 12 months: 7 (0 now married, 7 unmarried)
Women who did not have a birth in the past 12 months: 70 (38 now married, 31 unmarried)

Housing units in zip code 62556 with a mortgage: 59 (1 second mortgage)
Median monthly owner costs for units with a mortgage: $888
Median monthly owner costs for units without a mortgage: $473

Residents with income below the poverty level in 2022:
Residents with income below 50% of the poverty level in 2022:

• Zip code 62556 household income distribution in 2022

• 10Less than $10,000
• 1$10,000 to $14,999
• 2$15,000 to $19,999
• 7$20,000 to $24,999
• 1$25,000 to $29,999
• 22$30,000 to $34,999
• 12$35,000 to $39,999
• 2$40,000 to $44,999
• 1$45,000 to $49,999
• 22$50,000 to $59,999
• 6$60,000 to $74,999
• 21$75,000 to $99,999
• 7$100,000 to $124,999
• 1$125,000 to $149,999
• 8$150,000 to $199,999
• 9$200,000 or more

• Estimate of home value of owner-occupied houses/condos in 2022 in zip code 62556

• 16Less than $10,000
• 2$10,000 to $14,999
• 2$20,000 to $24,999
• 2$25,000 to $29,999
• 2$30,000 to $34,999
• 2$35,000 to $39,999
• 4$40,000 to $49,999
• 12$50,000 to $59,999
• 1$60,000 to $69,999
• 7$70,000 to $79,999
• 14$80,000 to $89,999
• 1$90,000 to $99,999
• 30$100,000 to $124,999
• 2$125,000 to $149,999
• 2$175,000 to $199,999
• 7$200,000 to $249,999
• 7$400,000 to $499,999

• Rent paid by renters in 2022 in zip code 62556

• 6$300 to $349
• 6$400 to $449
• 3No cash rent

Median gross rent in 2022: $589.

Estimated median house (or condo) value in 2022 for:

• White Non-Hispanic householders: $96,675
• American Indian or Alaska Native householders: $40,589
• Two or more races householders: $27,010
• Hispanic or Latino householders: $47,969

Estimated median house or condo value in 2022: $89,444 Lower value quartile - upper value quartile: $51,467 - $119,926

Mean price in 2022:

Detached houses: $106,983

Here:	$106,983
State:	$310,164

Mobile homes: $35,171

Here:	$35,171
State:	$78,855

Housing units in structures:

• One, detached: 131
• Mobile homes: 12

Unemployment: 5.9%

• Means of transportation to work in zip code 62556

• 87.9%127Drove a car alone
• 10.4%15Worked at home

• Travel time to work (commute) in zip code 62556

• 11Less than 5 minutes
• 205 to 9 minutes
• 2010 to 14 minutes
• 1215 to 19 minutes
• 320 to 24 minutes
• 525 to 29 minutes
• 1730 to 34 minutes
• 735 to 39 minutes
• 2445 to 59 minutes
• 260 to 89 minutes

Percentage of zip code residents living and working in this county: 72.2%

Household type by relationship:

Households: 316

• Male householders: 62 (13 living alone), Female householders: 77 (22 living alone)

• 65 spouses (65 opposite-sex spouses), 4 unmarried partners, (3 opposite-sex unmarried partners), 79 children (73 natural, 4 adopted, 2 stepchildren), 4 grandchildren, 0 brothers or sisters, 13 parents, 0 foster children, 8 other relatives, 4 non-relatives

Size of family households: 55 2-persons, 12 3-persons, 22 4-persons, 8 5-persons, 1 6-persons

Size of nonfamily households: 35 1-person, 2 2-persons

47 married couples with children.
7 single-parent households (7 women).

96.5% of residents of 62556 zip code speak English at home.
2.9% of residents speak Spanish at home (100% well).
0.6% of residents speak other Indo-European language at home (100% well).

Facilities with environmental interests located in this zip code:

• ASSUMPTION COOP GRAIN CO (1011 RAILROAD ST in PALMER, IL)

  STATE MASTER (Illinois EPA Project) - AIR PROGRAM
  AIR SYNTHETIC MINOR (AIRS/AFS)
  CRITERIA AND HAZARDOUS AIR POLLUTANT INVENTORY (Inventory of air pollution sources)
  Business SIC classification: GRAIN AND FIELD BEANS
  

• MIDWEST STEEL & ALLOY CO (PO BOX in PALMER, IL)

  STATE MASTER (Illinois EPA Project) - AIR PROGRAM
  AIR MINOR (AIRS/AFS)
  Business SIC classification: NONCLASSIFIABLE ESTABLISHMENTS
  

Housing units lacking complete kitchen facilities: 0.6%

Population in 1990: 689.

Place of birth for U.S.-born residents:

• This state: 281
• Northeast: 3
• Midwest: 17
• South: 7
• West: 6

75% of the 62556 zip code residents lived in the same house 5 years ago.
   Out of people who lived in different houses, 57% lived in this county.
   Out of people who lived in different counties, 50% lived in Illinois.

94% of the 62556 zip code residents lived in the same house 1 year ago.
   Out of people who lived in different houses, 38% moved from this county.
   Out of people who lived in different houses, 54% moved from different county within same state.

Private vs. public school enrollment:

Students in private schools in grades 1 to 8 (elementary and middle school): 13
Students in private schools in grades 9 to 12 (high school): Students in private undergraduate colleges: 3

Top industries in this zip code by the number of employees in 2005:

• Wholesale Trade: Grain and Field Bean Merchant Wholesalers (5-9 employees: 1 establishment)
• Construction: Siding Contractors (1-4: 2)
• Construction: Electrical Contractors (1-4: 1)
• Finance and Insurance: Commercial Banking (1-4: 1)

Most common first names in zip code 62556 among deceased individuals
Name	Count	Lived (average)
William	6	68.8 years
John	5	67.4 years
Mary	5	77.6 years
James	4	77.5 years
Edna	3	68.7 years
George	3	76.0 years
Joseph	3	69.0 years
Raymond	3	65.0 years
Earl	2	79.0 years
Albert	2	82.0 years

Most common last names in zip code 62556 among deceased individuals
Last name	Count	Lived (average)
Sheedy	6	75.2 years
Durbin	5	79.2 years
Dowdy	4	85.5 years
Mckinney	4	80.2 years
Stockon	4	66.8 years
Hayes	4	80.5 years
Miller	4	62.7 years
Christian	3	61.7 years
Hill	3	79.4 years
Johnson	3	88.0 years