Deer Grove, IL is a great place to settle down. It offers affordable living, with a 2 bedroom rental coming in at $810 per month – much lower than the national average of $1,430. Additionally, groceries in Deer Grove are more cost friendly than other places in the US. The grocery cost index here is 95 versus 100 in the US.
The area has many local businesses that make it a great place to live and work. Some of these establishments include Deerskin Outfitters, which specializes in outdoor gear for hunting and camping; Cedarwood Farms Bakery that serves delicious pastries and breads; and Trailside Goods & Groceries that offers locally sourced produce and pantry items.
Living in Deer Grove has become increasingly popular due to its low-cost living, access to great amenities, and employment opportunities with local companies. As more people move into the area, rents may continue to rise but still remain relatively low compared to the rest of the country.
Deer Grove has an unemployment rate of 5.4%. The US average is 6.0%.
Deer Grove has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for Deer Grove
- The Sales Tax Rate for Deer Grove is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Deer 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 Deer Grove
- The average income of a Deer Grove resident is $16,039 a year. The US average is $28,555 a year.
- The Median household income of a Deer Grove resident is $66,458 a year. The US average is $69,021 a year.