Vernon Hills, IL is a vibrant and growing community located just north of Chicago. It is known for its excellent schools, quality housing, and low crime rate. The rent for a two-bedroom apartment in Vernon Hills is an affordable $1,900 compared to the national average of $1,430. Additionally, the grocery cost index in Vernon Hills is on par with the US average at 100.
The city is home to several well-known companies such as Motorola Solutions, American Hotel Register Company, and Medline Industries. These businesses often attract talented individuals from all over the world looking for a place to call home. Many other small and large businesses fill out the landscape of this lovely town providing numerous employment opportunities as well as dining and entertainment options.
Vernon Hills has an unemployment rate of 4.0%. The US average is 6.0%.
Vernon Hills 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 34.3%, which is higher than the US average of 33.5%.
Tax Rates for Vernon Hills
- The Sales Tax Rate for Vernon Hills is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Vernon 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 Vernon Hills
- The average income of a Vernon Hills resident is $42,846 a year. The US average is $28,555 a year.
- The Median household income of a Vernon Hills resident is $107,938 a year. The US average is $69,021 a year.