2025 Compare Cities Economy:
Algonquin, IL vs Grayslake, IL

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Highlights
- Household income in Grayslake, is 5% less than it is in Algonquin and is 37% above the National Average.
- Algonquin unemployment rate is 5.6%.
- Grayslake unemployment rate is 6.4%.
 Algonquin, ILGrayslake, ILUnited States
 Unemployment Rate  Unlock6.4%6.0%
 Recent Job Growth  Unlock2.4%1.6%
 Future Job Growth31.3%  Unlock33.5%
 Sales Taxes7.8%  Unlock6.2%
 Income Taxes  Unlock5.0%4.6%
 Income per Cap.$49,226  Unlock$37,638
 Household Income  Unlock$109,975$69,021
 Family Median Income$135,876  Unlock$85,028
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 Est. Households By Income
 Algonquin, ILGrayslake, ILUnited States
 Income Less Than 15K  Unlock6.0%9.4%
 Income between 15K and 20K1.2%  Unlock3.8%
 Income between 20K and 30K  Unlock4.7%8.1%
 Income between 30K and 40K5.9%  Unlock8.0%
 Income between 40K and 50K  Unlock4.1%7.6%
 Income between 50K and 60K2.8%  Unlock7.2%
 Income between 60K and 75K  Unlock6.5%9.6%
 Income between 75K and 100K9.1%  Unlock12.8%
 Income between 100K and 150K  Unlock20.7%16.3%
 Income between 150K and 200K16.8%  Unlock7.8%
 Income greater than 200K  Unlock19.7%9.5%
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 Population By Occupation
 Algonquin, ILGrayslake, ILUnited States
 Management, business, finance19.1%  Unlock16.4%
 Engineering, computers, science  Unlock9.4%6.5%
 Community, social services1.2%  Unlock1.8%
 Legal  Unlock1.5%1.2%
 Education, library8.7%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.9%2.0%
 Healthcare practitioners and technology6.4%  Unlock6.2%
 Healthcare support  Unlock1.9%3.3%
 Firefighters, law enforcement2.1%  Unlock2.1%
 Food preparation, serving  Unlock2.7%5.4%
 Building maintenance1.6%  Unlock3.6%
 Personal care  Unlock1.4%2.6%
 Sales, office, administrative support26.4%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair4.7%  Unlock8.1%
 Production, transportation, material moving  Unlock6.7%13.1%
Reviews for Algonquin    4 Reviews

Over 1 years ago

Algonquin has really changed and grown, especially west algonquin. Politically though it leans conservative. That has not changed. People are nice though and they are  More

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Over 15 years ago

This town is practically Mayberry as far as crime goes.  More

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Over 18 years ago

Algonquin is a far northwest suburb of Chicago north of Elgin IL off of I90. The western part of Algonquin has shown significant growth and expansion over the past few  More

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Reviews for Grayslake    3 Reviews

Over 11 years ago

Property tax is one of the highest in the nation a $220000 home will cost you $10980 in taxes annually as of 9/2014 This information can be verified on the  More

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Grayslake weather is very difficult to enjoy outdoor activities. In summer, it is SO humid and hot and full of mosquitos that you cannot enjoy a beautiful summer night.  More

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Over 15 years ago

3% of home value annually/ A $300,000 home will cost you 10K in annual property taxes. Where does it all  More

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