Lake Forest, IL is a vibrant city located in Lake County that offers many great amenities. The two bedroom rent in Lake Forest, IL is $2,160, which is significantly higher than the US average of $1,430. Additionally, the Grocery Cost Index in Lake Forest, IL is 108 compared to 100 in the US. Those looking for employment may find opportunities at some of the local companies such as Wintrust Financial Corporation and Hospira Inc., both of which have offices in Lake Forest. With its convenient location and variety of businesses, living in Lake Forest can be an exciting experience for those seeking a quality life.
Lake Forest has an unemployment rate of 6.4%. The US average is 6.0%.
Lake Forest 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 32.8%, which is lower than the US average of 33.5%.
Tax Rates for Lake Forest
- The Sales Tax Rate for Lake Forest is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Lake Forest 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 Lake Forest
- The average income of a Lake Forest resident is $86,004 a year. The US average is $28,555 a year.
- The Median household income of a Lake Forest resident is $194,267 a year. The US average is $69,021 a year.