Buffalo Grove, IL is a village located in Lake County and Cook County in Illinois. Its population is 42,905 as of the 2010 census. This small village offers affordable housing with an average 2 bedroom rent of $2,080 compared to the US average of $1,430. The cost of living index for Buffalo Grove is 99, meaning that groceries are slightly cheaper than in other places. There are many local businesses that make up the economy of Buffalo Grove, such as Buffalo Grove Animal Hospital, BSC Signs & Graphics Inc., Bison Financial Group Inc., BWG Strategic Solutions LLC. and many more.
Buffalo Grove has an unemployment rate of 4.2%. The US average is 6.0%.
Buffalo Grove has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 31.8%, which is lower than the US average of 33.5%.
Tax Rates for Buffalo Grove
- The Sales Tax Rate for Buffalo Grove is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Buffalo Grove 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 Buffalo Grove
- The average income of a Buffalo Grove resident is $46,517 a year. The US average is $28,555 a year.
- The Median household income of a Buffalo Grove resident is $121,212 a year. The US average is $69,021 a year.