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2024 Compare Cities Economy:
Lake Geneva, WI vs Palatine, IL

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Highlights
- Household income in Palatine, is 46% more than it is in Lake Geneva and is 20% above the National Average.
- Lake Geneva unemployment rate is 4.7%.
- Palatine unemployment rate is 5.7%.

Economy
 Lake Geneva, WIPalatine, ILUnited States
 Unemployment Rate4.7%5.7%6.0%
 Recent Job Growth1.2%-0.2%1.6%
 Future Job Growth35.4%26.9%33.5%
 Sales Taxes5.5%10.3%6.2%
 Income Taxes6.3%5.0%4.6%
 Income per Cap.$38,175$45,557$37,638
 Household Income$59,162$86,415$69,021
 Family Median Income$87,534$111,413$85,028
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 Est. Households By Income
 Lake Geneva, WIPalatine, ILUnited States
 Income Less Than 15K6.7%4.7%9.4%
 Income between 15K and 20K4.3%3.5%3.8%
 Income between 20K and 30K9.7%6.8%8.1%
 Income between 30K and 40K11.0%6.2%8.0%
 Income between 40K and 50K10.8%6.4%7.6%
 Income between 50K and 60K8.2%6.4%7.2%
 Income between 60K and 75K8.8%9.8%9.6%
 Income between 75K and 100K14.3%12.2%12.8%
 Income between 100K and 150K17.7%16.8%16.3%
 Income between 150K and 200K3.4%13.4%7.8%
 Income greater than 200K5.0%13.8%9.5%
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 Population By Occupation
 Lake Geneva, WIPalatine, ILUnited States
 Management, business, finance11.8%22.4%16.4%
 Engineering, computers, science7.0%9.8%6.5%
 Community, social services4.0%1.5%1.8%
 Legal0.0%2.0%1.2%
 Education, library8.7%6.4%6.2%
 Arts, design, media, sports, entertainment1.0%1.7%2.0%
 Healthcare practitioners and technology3.5%4.6%6.2%
 Healthcare support2.4%2.6%3.3%
 Firefighters, law enforcement1.0%1.2%2.1%
 Food preparation, serving6.8%3.9%5.4%
 Building maintenance1.6%2.3%3.6%
 Personal care3.8%3.1%2.6%
 Sales, office, administrative support23.3%19.8%20.9%
 Farming, fishing, forestry0.0%0.2%0.6%
 Construction, extraction, maintenance/repair7.4%5.2%8.1%
 Production, transportation, material moving17.8%13.3%13.1%

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Reviews for Lake Geneva    2 Reviews

There's little doubt why Lake Geneva has been the preferred vacation destination for affluent Chicagoans for over a century. Crystal clear waters afford world class  More

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Not as beautiful as it used to be, Lake Geneva has suffered from city fathers who have cared more about increasing the tax base than keeping the lovely small town  More

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Reviews for Palatine    7 Reviews

No town is perfect. One flaw in Palatine are that it lacks enough updated, healthier food restaurants. A more serious flaw is that the elementary district does not  More

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Over 14 years ago

The correct total Sales Tax Rate for Palatine, Cook County, IL is 9.5%, not  More

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Over 14 years ago

Palatine is a great community for raising a family. Good schools and extremely low crime rate just add to that point. Minutes to Schaumburg and all the shopping and  More

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ZIPS IN LAKE GENEVA, WISCONSIN
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ZIPS IN PALATINE, ILLINOIS
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