Northfield, IL is a small city near Chicago, Illinois that is known for its pleasant atmosphere and local businesses. It has an estimated population of over 5,000 people. The 2 bedroom rent in Northfield is around $2,100 which is significantly higher than the national average at $1,430. The grocery cost index in Northfield is 110 versus 100 in the US.
Northfield is home to several notable companies such as Edible Arrangements, Pharmakon Pharmaceuticals, and Skyline Exhibits. These companies offer excellent job opportunities for locals while also providing economic growth benefits to the city of Northfield. Overall, the cost of living in Northfield is higher than most parts of the US due to its higher rent prices and grocery costs index. However, with its many local businesses and pleasant atmosphere it provides locals with many unique opportunities that help make up for this difference in cost.
Northfield has an unemployment rate of 8.4%. The US average is 6.0%.
Northfield 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 Northfield
- The Sales Tax Rate for Northfield is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Northfield 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 Northfield
- The average income of a Northfield resident is $65,638 a year. The US average is $28,555 a year.
- The Median household income of a Northfield resident is $160,331 a year. The US average is $69,021 a year.