Streamwood, IL is a suburb of Chicago located in Cook and DuPage counties. It has a population of 39,412 people as of 2020. Streamwood is an excellent place to live due to its close proximity to the city of Chicago while providing its own unique atmosphere and culture. Many local businesses operate in Streamwood such as Bank of America, Allstate Insurance, Jewel-Osco Grocery Store, AT&T, and McDonalds. The average 2 bedroom rent in Streamwood is $2,100 which is considerably higher than the US average of $1,430 for the same type of housing unit. Additionally, the grocery cost index in Streamwood is 96 compared to 100 nationally.
Streamwood has an unemployment rate of 8.2%. The US average is 6.0%.
Streamwood 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 25.5%, which is lower than the US average of 33.5%.
Tax Rates for Streamwood
- The Sales Tax Rate for Streamwood is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Streamwood 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 Streamwood
- The average income of a Streamwood resident is $28,916 a year. The US average is $28,555 a year.
- The Median household income of a Streamwood resident is $88,824 a year. The US average is $69,021 a year.