Lake in the Hills, IL is a small village located about an hour away from Chicago. It is known for its peaceful suburban atmosphere and close knit community. The average rent for a two bedroom apartment is $1,800 per month, which is slightly more expensive than the US average of $1,430. The grocery cost index for Lake in the Hills is 97, only slightly lower than 100 in the US.
The village of Lake in the Hills contains many local businesses including The Feed Store Pet Supply & More, The Country House Restaurant & Pub, Rossi’s Pizza and Italian Restaurant, Superior Pools Inc., and Freund’s Garden Center. With such variety of services available locally residents have easy access to all their needs without having to leave town.
Lake in the Hills has an unemployment rate of 5.8%. The US average is 6.0%.
Lake in the Hills has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 26.5%, which is lower than the US average of 33.5%.
Tax Rates for Lake in the Hills
- The Sales Tax Rate for Lake in the Hills is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Lake in the Hills 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 in the Hills
- The average income of a Lake in the Hills resident is $33,134 a year. The US average is $28,555 a year.
- The Median household income of a Lake in the Hills resident is $102,106 a year. The US average is $69,021 a year.