Highland Park, IL is a beautiful city located on Chicago’s North Shore. It is home to a variety of local companies such as the Highland Park Ford dealership, the Ravinia Festival, the North Shore Center for the Performing Arts and the Fort Sheridan Forest Preserve. The cost of living in Highland Park is higher than in other parts of Illinois and the US. For example, 2 bedroom rent in Highland Park is $2,220 compared to $1,430 nationally. Additionally, Highland Park has a Grocery Cost Index score of 104 versus 100 nationally. Despite these higher costs, many people choose to live in this vibrant city because of its high quality of life and family-friendly environment.
Highland Park has an unemployment rate of 4.3%. The US average is 6.0%.
Highland Park 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 33.7%, which is higher than the US average of 33.5%.
Tax Rates for Highland Park
- The Sales Tax Rate for Highland Park is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Highland Park 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 Highland Park
- The average income of a Highland Park resident is $68,688 a year. The US average is $28,555 a year.
- The Median household income of a Highland Park resident is $153,226 a year. The US average is $69,021 a year.