Lombard, IL is a village located in DuPage County. Home to many businesses such as Yorktown Shopping Center, The Meadows Club and Future Fitness, Lombard is an attractive destination for residents. One of the reasons why people are attracted to this area is due to its relatively high cost of living compared to the national average. For example, 2-bedroom rent in Lombard stands at $1,800 which is noticeably higher than the US 2 bedroom rent of $1,430. Furthermore, the Grocery Cost Index in Lombard stands at 98 versus 100 in the US indicating that purchasing groceries here can be more expensive than in other locations. This cost of living reflects upon the widespread availability of amenities and services available in this village making it a great place for those who are looking for convenience and comfort while still managing their budget constraints.
Lombard has an unemployment rate of 5.3%. The US average is 6.0%.
Lombard 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 28.7%, which is lower than the US average of 33.5%.
Tax Rates for Lombard
- The Sales Tax Rate for Lombard is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Lombard 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 Lombard
- The average income of a Lombard resident is $34,551 a year. The US average is $28,555 a year.
- The Median household income of a Lombard resident is $89,079 a year. The US average is $69,021 a year.