Arlington Heights, IL is a thriving suburb of Chicago located in Cook and Lake County. It is home to many major employers such as Boeing, the Arlington Park Race Track, and one of the largest shopping malls in the region, Woodfield Mall. The cost of living in Arlington Heights is comparatively higher than other parts of the US with an average 2 bedroom rent costing $1700 versus $1430 in the US. The grocery cost index is also higher at 100 for Arlington Heights compared to 100 for the US on average. Despite this higher cost of living, Arlington Heights offers its residents great amenities including top-notch schools, a wide variety of restaurants, theaters, parks and more making it an attractive place to live and work.
Arlington Heights has an unemployment rate of 4.8%. The US average is 6.0%.
Arlington Heights 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 27.7%, which is lower than the US average of 33.5%.
Tax Rates for Arlington Heights
- The Sales Tax Rate for Arlington Heights is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Arlington Heights 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 Arlington Heights
- The average income of a Arlington Heights resident is $41,994 a year. The US average is $28,555 a year.
- The Median household income of a Arlington Heights resident is $106,996 a year. The US average is $69,021 a year.