Round Lake Beach, IL is a small suburban village in Lake County, Illinois. It is situated near several larger cities such as Waukegan, Libertyville and Gurnee. Despite its small size, it has much to offer its residents. The average two bedroom rent is $1,610 which is slightly higher than the US average of $1,430. The grocery cost index in Round Lake Beach is 95 versus 100 in the US meaning groceries are slightly cheaper than in other parts of the country. Local companies that provide groceries include ALDI, Walmart Supercenter, Jewel-Osco and Mariano's Fresh Market. Overall, living expenses are affordable in Round Lake Beach compared to other parts of the country even though rental costs may be slightly higher than average.
Round Lake Beach has an unemployment rate of 12.6%. The US average is 6.0%.
Round Lake Beach 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 29.6%, which is lower than the US average of 33.5%.
Tax Rates for Round Lake Beach
- The Sales Tax Rate for Round Lake Beach is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Round Lake Beach 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 Round Lake Beach
- The average income of a Round Lake Beach resident is $20,116 a year. The US average is $28,555 a year.
- The Median household income of a Round Lake Beach resident is $79,837 a year. The US average is $69,021 a year.