Candlewick Lake, IL is a small suburban village located in McHenry County. It offers a peaceful environment for its residents with many outdoor recreational activities available such as fishing, swimming, and sailing. The two bedroom rent in Candlewick Lake is slightly lower than the US average at $1,400 versus $1,430 respectively. Furthermore, the grocery cost index in Candlewick Lake is 93 compared to 100 in the US which means there is some savings when it comes to food costs. Local companies include Candlewick Lakeside Inn & Tavern, Candlewick Nursery Inc., and Candlewick Pet Grooming. All in all, Candlewick Lake provides an enjoyable lifestyle for its citizens while offering competitive rates on rent and groceries.
Candlewick Lake has an unemployment rate of 7.8%. The US average is 6.0%.
Candlewick Lake has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 24.0%, which is lower than the US average of 33.5%.
Tax Rates for Candlewick Lake
- The Sales Tax Rate for Candlewick Lake is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Candlewick Lake 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 Candlewick Lake
- The average income of a Candlewick Lake resident is $22,182 a year. The US average is $28,555 a year.
- The Median household income of a Candlewick Lake resident is $83,946 a year. The US average is $69,021 a year.