Economy in Island Lake, Illinois
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Economy
| Unemployment Rate | 8.90% | 9.10% |
| Recent Job Growth | -0.93% | -0.12% |
| Future Job Growth | 29.24% | 31.25% |
| Sales Taxes | 6.50% | 6.80% |
| Income Taxes | 3.00% | 6.25% |
| Income per Cap. | $30,287 | $27,067 |
| Household Income | $76,013 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 2.86% | 12.10% |
| Income between 15K and 25K | 3.75% | 10.18% |
| Income between 25K and 35K | 4.75% | 10.56% |
| Income between 35K and 50K | 12.24% | 14.98% |
| Income between 50K and 75K | 25.30% | 19.53% |
| Income between 75K and 100K | 21.32% | 12.52% |
| Income between 100K and 150K | 21.81% | 12.14% |
| Income between 150K and 250K | 4.90% | 3.91% |
| Income between 250K and 500K | 2.86% | 3.34% |
| Income greater than 500K | 0.21% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 13.53% | 13.81% |
| Professional and Related Occupations | 19.90% | 22.68% |
| Service | 10.65% | 14.51% |
| Sales and Office | 30.49% | 25.22% |
| Farming, Fishing, and Forestry | 0.06% | 0.68% |
| Construction, Extraction, and Maintenance | 14.31% | 9.37% |
| Production, Transportation, and Material Moving | 16.65% | 15.86% |
The unemployment rate in Island Lake, IL, is 8.90%, with job growth of -0.93%. Future job growth over the next ten years is predicted to be 29.24%.
Island Lake, IL Taxes
Island Lake, IL,sales tax rate is 6.50%. Income tax is 3.00%.
Island Lake, IL Income and Salaries
The income per capita is $30,287, which includes all adults and children. The median household income is $76,013.
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