Northlake, IL is a vibrant suburb of Chicago that offers residents a small-town feel with big city amenities. The cost of living in Northlake is relatively low with an average 2 bedroom rent just over $1,150 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Northlake is 96 compared to 100 in the US as a whole - meaning groceries are slightly cheaper for residents of Northlake. Numerous local businesses such as Letoldo's Pizza or Donut Den provide goods and services to the town's residents and visitors alike. With its affordable housing options and cost-saving benefits, Northlake is a great place to call home.
Northlake has an unemployment rate of 8.4%. The US average is 6.0%.
Northlake 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 25.8%, which is lower than the US average of 33.5%.
Tax Rates for Northlake
- The Sales Tax Rate for Northlake is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Northlake 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 Northlake
- The average income of a Northlake resident is $20,709 a year. The US average is $28,555 a year.
- The Median household income of a Northlake resident is $64,792 a year. The US average is $69,021 a year.