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Tazewell County · Illinois

ZIP code 61550

Population, income, housing costs and the sales tax rate charged on purchases inside ZIP 61550 — Census 2019-2023 ACS 5-year, no modelled estimates.
Population
18,688

ZCTA residents

Median income
$92,269

Household, past 12 months

Median home
$247,000

Owner-occupied value

Sales tax
6.25%

Illinois state rate

Quick answer

ZIP 61550 sits in Tazewell County, Illinois and is home to 18,688 people. Median household income is $92,269, the median home is worth $247,000 and median gross rent is $1,001. 80.1% of households own their home, and purchases are taxed at 6.25% (Illinois state rate).

County
Tazewell County

FIPS 17179

State
Illinois (IL)

1,396 ZIPs covered

Area codes
Not published

No NANPA match for this ZIP

Metro area
Outside covered metros

Rate jurisdiction used for tax

The numbers for 61550

American Community Survey 2019-2023 ACS 5-year estimates for this ZCTA.

Population
18,688ZIP 61550 residents
Median household income
$92,269Past 12 months, inflation adjusted
Median home value
$247,000Owner-occupied units
Median gross rent
$1,001Rent plus utilities, monthly
Median age
42 yrsAll residents
Homeownership rate
80.1%Owner-occupied households

ZIP 61550 in context

How this area compares with national benchmarks.

ZIP 61550 is a mid-size town in Tazewell County, Illinois, with 18,688 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #251 of 1,396 ranked by population — larger than 82% of them. The median age here is 42 years against 39.1 nationally, a slightly older profile than the country as a whole. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.

Households in ZIP 61550 earn a median of $92,269 a year, 17.5% above the national figure of $78,538. This figure covers the household, not the worker: two people on ordinary wages at one address outrank a single professional in the same table. Poverty reaches 6.2% of residents here, less than half the 12.4% national rate.

The typical owner-occupied home in ZIP 61550 is valued at $247,000, 18.6% below the national figure, while median gross rent runs $1,001 a month, 28.8% below the national figure, or roughly $12,012 across a full year. A household on the local median income would put about 13% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 2.7×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 80.1% of occupied homes are owner-occupied versus 65% nationally, an owner-dominated market where rental listings are scarce and rent medians rest on a thin sample. Rent is reported gross — contract rent plus tenant-paid utilities — which is why it runs above the advertised price on a listing for the same unit.

Every value on this page is published directly by the Census for this area — nothing is modelled or interpolated. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Reading ZIP 61550 in context

How 61550 sits inside Tazewell County and Illinois.

ZIP 61550 is tabulated inside Tazewell County, Illinois, one of 16 ZIP areas the Census publishes for that county and 1,396 across Illinois. This is a mid-sized suburban ZIP inside a county that is split across many delivery areas. County assignment on this page follows the largest share of the ZIP's land area, which matters where a delivery route crosses a county line: mail addressed to 61550 can be handled by a post office in a neighbouring county even though the tabulation area is filed here.

Against its own county, 61550 reports a median household income of $92,269, 7% above the $86,051 county median, and 27% above the $72,734 typical IL ZIP. Owner-occupied homes are valued at a median of $247,000, 57% above the county figure and 68% above the statewide ZIP median. Rent is reported gross — the contract amount plus tenant-paid utilities — at $1,001 a month, which is why it reads higher than the advertised rent on a listing for the same unit.

Illinois charges 6.25% statewide, and local governments overlapping 61550 may add county, city or special-district levies on top. We publish the state floor for this ZIP rather than guessing a combined figure, because ZIP boundaries and taxing-district boundaries were drawn for different purposes and do not line up.

Everything above comes from the Census Bureau American Community Survey 2019-2023 ACS 5-year estimates for this ZIP Code Tabulation Area, with sales tax rates traced to the state revenue agency. Five-year estimates pool sixty months of responses, so they are stable enough to compare 61550 with its neighbours but always trail the current year, and any value the Census suppressed for sample size is shown as unpublished rather than filled in with a model.

Sales tax in 61550

What a purchase inside this ZIP costs at checkout.

Rate applied
6.25%State base rate only
Tax on $100
$6Rounded to the dollar
Tax on $1,000
$63Before any exemptions

Illinois levies 6.25% statewide, and counties, cities and special districts inside this ZIP can add their own local rate on top. Check the county page for the local component before you quote a price.

Affordability in this ZIP

Derived from the Census medians above — indicative, not an offer.

Rent burden
13%Median rent ÷ median income
Price-to-income
2.7×Home value ÷ household income
Est. mortgage
$1,282/mo20% down, 30-yr at 6.75%
Poverty rate
6.2%Residents below poverty line

A rent burden above 30% is the federal threshold for cost-burdened households, and a price-to-income multiple above 4× is generally considered a stretched housing market. The mortgage figure is principal and interest only — taxes, insurance and HOA dues are extra.

How 61550 compares

ZIP 61550 against the median ZIP in Tazewell County and across Illinois.

MeasureZIP 61550County medianState medianvs state
Median household income$92,269$86,051$72,734+27%
Median home value$247,000$157,600$146,900+68%
Median gross rent$1,001$890$906+10%
Population18,6883,0911,856+907%

Medians are computed across the 16 ZIP areas in Tazewell County and the 1396 ZIP areas in Illinois.

Statewide rank

Where this ZIP places among all 1396 Illinois ZIP areas.

Income

richer than 77% of 1,344 state ZIPs

#313
Home value

above 80% of 1,335 state ZIPs

#267
Population

larger than 82% of 1,396 state ZIPs

#251

Comparable ZIP codes

Illinois ZIP areas with almost the same household income.

ZIPCountyIncomeHome valueRent
60133DuPage County$92,263$260,900$1,478
60401Will County$92,279$239,000$1,078
60193Cook County$92,284$317,900$1,699
61361Bureau County$92,344$147,300$896
60169Cook County$92,399$292,300$1,694
60150DeKalb County$92,125$183,800$1,054

Nearby ZIP codes

Other ZIP codes filed under Tazewell County.

Adjacent ZIP Codes

Other ZIP codes in Tazewell County, Illinois.

ZIP 61550 questions

Common questions about this ZIP code.

Where is ZIP code 61550?
ZIP 61550 lies mostly in Tazewell County, Illinois. County assignment follows the largest share of land area, so a ZIP straddling a county line is filed under its dominant county.
What sales tax do I pay in 61550?
Illinois charges 6.25% statewide, plus any county, city or district rate that applies locally.
Is 61550 expensive to live in?
Median rent runs $1,001 a month, about 13% of median household income, and the median home is worth $247,000 — +68% against the typical Illinois ZIP.
Is a ZCTA the same as a postal ZIP code?
Not exactly. The Census builds ZIP Code Tabulation Areas from the ZIP codes of addresses inside each census block, so a ZCTA can differ slightly from the USPS delivery route of the same number, and PO-box-only ZIPs have no ZCTA at all.

Related pages for this area.

Sources & transparency

Every figure on this page is a published estimate for ZIP Code Tabulation Area 61550, except the affordability ratios and mortgage estimate, which we derive from those medians and label as estimates.

Last reviewed December 2024. Figures are published for reference and can change; verify with the source agency before filing or contracting. How we build and check this data.