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ZipNumbers

Madison County · Illinois

ZIP code 62062

Population, income, housing costs and the sales tax rate charged on purchases inside ZIP 62062 — Census 2019-2023 ACS 5-year, no modelled estimates.
Population
8,521

ZCTA residents

Median income
$97,409

Household, past 12 months

Median home
$249,500

Owner-occupied value

Sales tax
6.25%

Illinois state rate

Quick answer

ZIP 62062 sits in Madison County, Illinois and is home to 8,521 people. Median household income is $97,409, the median home is worth $249,500 and median gross rent is $975. 86% of households own their home, and purchases are taxed at 6.25% (Illinois state rate).

County
Madison County

FIPS 17119

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 62062

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

Population
8,521ZIP 62062 residents
Median household income
$97,409Past 12 months, inflation adjusted
Median home value
$249,500Owner-occupied units
Median gross rent
$975Rent plus utilities, monthly
Median age
50.2 yrsAll residents
Homeownership rate
86%Owner-occupied households

Sales tax in 62062

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
12%Median rent ÷ median income
Price-to-income
2.6×Home value ÷ household income
Est. mortgage
$1,295/mo20% down, 30-yr at 6.75%
Poverty rate
3.1%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 62062 compares

ZIP 62062 against the median ZIP in Madison County and across Illinois.

MeasureZIP 62062County medianState medianvs state
Median household income$97,409$77,120$72,734+34%
Median home value$249,500$179,900$146,900+70%
Median gross rent$975$941$906+8%
Population8,5213,0121,856+359%

Medians are computed across the 28 ZIP areas in Madison County and the 1396 ZIP areas in Illinois.

Statewide rank

Where this ZIP places among all 1396 Illinois ZIP areas.

Income

richer than 82% of 1,344 state ZIPs

#248
Home value

above 80% of 1,335 state ZIPs

#262
Population

larger than 72% of 1,396 state ZIPs

#395

Comparable ZIP codes

Illinois ZIP areas with almost the same household income.

ZIPCountyIncomeHome valueRent
60302Cook County$97,414$450,700$1,348
60480Cook County$97,311$355,600$1,328
62536Sangamon County$97,625$245,900
61274Henry County$97,656$130,700
60630Cook County$97,134$362,900$1,357
61822Champaign County$97,044$264,600$1,265

Nearby ZIP codes

Other ZIP codes filed under Madison County.

ZIP 62062 questions

Common questions about this ZIP code.

Where is ZIP code 62062?
ZIP 62062 lies mostly in Madison 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 62062?
Illinois charges 6.25% statewide, plus any county, city or district rate that applies locally.
Is 62062 expensive to live in?
Median rent runs $975 a month, about 12% of median household income, and the median home is worth $249,500+70% 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 62062, 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.