Fox Lake, IL is a great place for people looking for an affordable place to live. The average two bedroom rent in Fox Lake, IL is $1,320 whereas the average two bedroom rent in the US is $1,430. This makes Fox Lake an attractive option for those looking to save on housing costs. Local businesses in Fox Lake include Wilshire Food Mart, Mike's Bar & Grill and Walmart Supercenter. Additionally the grocery cost index in Fox Lake is 95 while the grocery cost index in the US is 100. This means that living in Fox Lake can help you reduce your food costs as well. All of these factors make Fox Lake an ideal location for anyone looking to get more bang for their buck.
Fox Lake has an unemployment rate of 6.4%. The US average is 6.0%.
Fox Lake 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 32.8%, which is lower than the US average of 33.5%.
Tax Rates for Fox Lake
- The Sales Tax Rate for Fox Lake is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Fox 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 Fox Lake
- The average income of a Fox Lake resident is $26,633 a year. The US average is $28,555 a year.
- The Median household income of a Fox Lake resident is $64,221 a year. The US average is $69,021 a year.