Waukegan, IL is an attractive place to live with its average 2 bedroom rent of $1300 per month, which is less than the US average of $1430. It also has a Grocery Cost Index of 94 versus 100 in the US, making it a great option for people who want to save money. Waukegan has become a hub for business and industry in recent years, as companies such as Abbott Laboratories have opened offices there. Abbott Laboratories employs over 1,000 local residents and provides them with steady jobs and competitive salaries. Additionally, Waukegan is home to numerous smaller businesses such as Curio Spirits Distillery and The Pop Shop Cafe which provide important services to local residents and help boost the economy.
Waukegan has an unemployment rate of 10.2%. The US average is 6.0%.
Waukegan has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 30.5%, which is lower than the US average of 33.5%.
Tax Rates for Waukegan
- The Sales Tax Rate for Waukegan is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Waukegan is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Waukegan
- The average income of a Waukegan resident is $20,333 a year. The US average is $28,555 a year.
- The Median household income of a Waukegan resident is $58,844 a year. The US average is $69,021 a year.