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Economy in Algonquin, Illinois

Overview, People, Health, Economy, Housing, Rankings, Crime
Climate, Education, Transportation, Cost of Living, Religion, Voting

Economy
EconomyAlgonquin, ILUnited States
Unemployment Rate8.90%9.10%
Recent Job Growth-0.93%-0.12%
Future Job Growth29.24%31.25%
Sales Taxes7.25%6.80%
Income Taxes3.00%6.25%
Income per Cap.$37,323$27,067
Household Income$96,285$52,954
ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
Income Less Than 15K1.98%12.10%
Income between 15K and 25K2.45%10.18%
Income between 25K and 35K3.83%10.56%
Income between 35K and 50K6.91%14.98%
Income between 50K and 75K19.29%19.53%
Income between 75K and 100K18.66%12.52%
Income between 100K and 150K30.19%12.14%
Income between 150K and 250K8.27%3.91%
Income between 250K and 500K7.28%3.34%
Income greater than 500K1.13%0.75%
POPULATION BY OCCUPATION
Management, Business, and Financial Operations19.05%13.81%
Professional and Related Occupations24.64%22.68%
Service10.07%14.51%
Sales and Office30.00%25.22%
Farming, Fishing, and Forestry0.02%0.68%
Construction, Extraction, and Maintenance7.09%9.37%
Production, Transportation, and Material Moving12.36%15.86%
Median Household Income

The unemployment rate in Algonquin, IL, is 8.90%, with job growth of -0.93%. Future job growth over the next ten years is predicted to be 29.24%.

Algonquin, IL Taxes

Algonquin, IL,sales tax rate is 7.25%. Income tax is 3.00%.

Algonquin, IL Income and Salaries

The income per capita is $37,323, which includes all adults and children. The median household income is $96,285.


Algonquin Economy SperlingViews

What crime?: This town is practically Mayberry as far as crime goes.... (read more)Algonquin Illinois: Algonquin is a far northwest suburb of Chicago north of Elgin IL off of I90. The western part of Algonquin has shown significant growth and expansion over the past few... (read more)Greedy Village Zoning Board: Growth to a degree is important, however our city decided to allow a walmart right in the middle of an upscale area of town. Talk about a demographic eyesore!! Pretty... (read more)Have an opinion about Algonquin? Leave a commentTo See All SperlingViews for Algonquin Click Here