Libertyville, IL is a vibrant town located in Lake County. Home to over 20,000 people, Libertyville offers a wide range of amenities for its residents. Popular companies based in Libertyville are Bosch North America, Baxter Healthcare Corporation, and Allstate Insurance. The cost of living is slightly higher than the national average; rent for two-bedroom apartments hovers around $1720 per month compared to the US average of $1430 and grocery costs index is 102 versus 100 in the US. Despite the slightly higher prices, Libertyville remains an attractive area due to its many amenities and abundant job opportunities.
Libertyville has an unemployment rate of 6.4%. The US average is 6.0%.
Libertyville 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 32.8%, which is lower than the US average of 33.5%.
Tax Rates for Libertyville
- The Sales Tax Rate for Libertyville is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Libertyville 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 Libertyville
- The average income of a Libertyville resident is $57,126 a year. The US average is $28,555 a year.
- The Median household income of a Libertyville resident is $153,674 a year. The US average is $69,021 a year.