Lake Barrington, IL offers its residents an affluent lifestyle with plenty of amenities. The cost for a two-bedroom rental in the area is $2,110 which is above the US average of $1,430. For groceries, the Lake Barrington Cost Index is 103 versus 100 in the US. Not only are there plenty of options for shopping and dining around town, but many local companies call this area home such as North Barrington Building Services and Wintrust Mortgage Corporation. Residents can also enjoy many outdoor activities at places like Biltmore Country Club and Bonnie Dundee Golf Course. With so much to offer, it’s no wonder why people choose to live in Lake Barrington!
Lake Barrington has an unemployment rate of 6.4%. The US average is 6.0%.
Lake Barrington 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 Lake Barrington
- The Sales Tax Rate for Lake Barrington is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Barrington 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 Lake Barrington
- The average income of a Lake Barrington resident is $67,154 a year. The US average is $37,638 a year.
- The Median household income of a Lake Barrington resident is $108,563 a year. The US average is $69,021 a year.