Grandwood Park, IL is a charming town located in Lake County. It is close to many major amenities and offers residents a high quality of life. The cost of living is relatively low with two-bedroom rent for an average of $1,550 which is almost $100 lower than the US average. Additionally, the Grocery Cost Index in Grandwood Park is 97 which means that groceries are slightly more affordable compared to the US average. \nThe town offers plenty of attractions for residents such as parks and lakes, restaurants and cafes, and shopping malls. Some popular companies in Grandwood Park include Walmart Supercenter, Subway, Dunkin Donuts, Dairy Queen Grill & Chill and Starbucks. There are also local businesses such as Grandwood Florist Inc., Crossroads Tavern & Liquor Store and Red Top Market.
Grandwood Park has an unemployment rate of 6.4%. The US average is 6.0%.
Grandwood Park 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 Grandwood Park
- The Sales Tax Rate for Grandwood Park is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Grandwood Park 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 Grandwood Park
- The average income of a Grandwood Park resident is $36,285 a year. The US average is $28,555 a year.
- The Median household income of a Grandwood Park resident is $129,375 a year. The US average is $69,021 a year.