Carpentersville, IL Economy


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Carpentersville, IL is a small village located in the northern suburbs of Chicago. Rent for two bedrooms in Carpentersville is slightly higher than the national average at $1530. Groceries are also slightly more expensive with an index of 96 compared to 100 nationally. Major companies present in Carpentersville include AutoZone, Walmart Supercenter, and Jewel-Osco. There are also numerous local businesses such as Carpentersville Bicycle Shop, Carpentersville Masonry, and Max's Hot Dogs that serve the community.

Carpentersville has an unemployment rate of 11.4%. The US average is 6.0%.

Carpentersville has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.

Tax Rates for Carpentersville
- The Sales Tax Rate for Carpentersville is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Carpentersville 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 Carpentersville
- The average income of a Carpentersville resident is $21,749 a year. The US average is $28,555 a year.
- The Median household income of a Carpentersville resident is $73,121 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCarpentersville, IllinoisUnited States
  11.46
  -9.1%-6.2%
  26.6%33.5%
  7.0%6.2%
  5.0%4.6%
  $28,333$37,638
  $73,121$69,021
  $82,937$85,028
  Population by Occupation
  0.1%1.2%
  0.1%0.5%
  6.1%6.8%
  20.5%10.0%
  2.1%2.5%
  11.3%11.0%
  6.4%4.8%
  0.5%0.8%
  0.7%1.9%
  4.3%4.7%
  2.2%1.9%
  4.5%7.6%
  0.1%0.1%
  6.5%4.2%
  7.1%9.3%
  9.4%14.0%
  2.0%2.1%
  9.9%7.0%
  3.8%4.8%
  2.2%4.7%
Reviews for Carpentersville
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Feb 2021 - Been here 14 years (west side of town, near Randall Rd). Good schools. Diverse community. Shopping, restaurants, churches, etc... close and abundant. Easy  More

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