Lake Villa, IL is a great place to live. It is located in Lake County and has a population of 8,741 according to the 2010 census. The rental cost for a two-bedroom apartment is reasonably priced at $1,580 compared to the US average of $1,430. Additionally groceries are affordable as the Grocery Cost Index for Lake Villa is 96 compared with 100 in the US.
In terms of local businesses and activities there are plenty to choose from in Lake Villa. Construction company Michael's Home Improvement offers custom home renovations while Wayne's Landscaping provides quality garden care services. For nature lovers, the nearby Crabtree Nature Center boasts miles of trails and an observatory with dozens of bird species. There is also plenty of entertainment with Pizza Palace serving up delicious pizzas while Lighthouse Bar & Grill hosts karaoke nights throughout the week.
Lake Villa has an unemployment rate of 6.4%. The US average is 6.0%.
Lake Villa 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 Villa
- The Sales Tax Rate for Lake Villa is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Villa 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 Villa
- The average income of a Lake Villa resident is $34,280 a year. The US average is $28,555 a year.
- The Median household income of a Lake Villa resident is $115,598 a year. The US average is $69,021 a year.