Gages Lake, IL is a great city to live in. It is located near many local amenities such as businesses, restaurants, transportation and entertainment options. With an average 2 bedroom rent of $1,570 per month, Gages Lake is cheaper than the US average of $1,430. The grocery cost index in Gages Lake is also lower than the US average at 97 versus 100. Some popular businesses that are located in Gages Lake include Big B's Chicago Pizza & Pub, Dunkin Donuts and Firestone Complete Auto Care. There are several excellent restaurants located here such as Red Robin Gourmet Burgers & Brews and Texas Roadhouse. For transportation options there are multiple bus stops throughout the city as well as taxi services available for hire. There are also plenty of entertainment options here such as bowling alleys and movie theatres. All these features make Gages Lake an attractive place to live.
Gages Lake has an unemployment rate of 6.4%. The US average is 6.0%.
Gages 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 Gages Lake
- The Sales Tax Rate for Gages Lake is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Gages 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 Gages Lake
- The average income of a Gages Lake resident is $35,112 a year. The US average is $28,555 a year.
- The Median household income of a Gages Lake resident is $98,009 a year. The US average is $69,021 a year.