Grayslake, IL is a small village located in Lake County, Illinois that has a population of about 21,375 people. The area is known for its numerous local businesses such as Grayslake Auto Service, Grayslake Chiropractic Care, and Home Depot. In terms of rent costs for two bedroom homes, the median price in Grayslake is $1,570 while the national average is at $1,430. Additionally, the Grocery Cost Index in Grayslake is 97 versus 100 in the US. As such Grayslake provides a cost-effective option when it comes to making a place to call home.
Grayslake has an unemployment rate of 6.4%. The US average is 6.0%.
Grayslake has seen the job market decrease by -7.7% 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 Grayslake
- The Sales Tax Rate for Grayslake is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Grayslake 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 Grayslake
- The average income of a Grayslake resident is $50,354 a year. The US average is $37,638 a year.
- The Median household income of a Grayslake resident is $109,975 a year. The US average is $69,021 a year.