Harwood Heights, IL is a small city located in Cook County. It has a population of 8,612 according to the 2019 census. Harwood Heights is known for its great transportation options and abundance of local businesses. The average two bedroom rent in Harwood Heights is $1,230 which is significantly lower than the US 2 bedroom rent average of $1,430. Additionally, the grocery cost index in Harwood Heights is 99 compared to 100 in the US. This means that groceries are typically slightly cheaper than average in this city. There are many established businesses operating out of Harwood Heights including New City Motors Chrysler Dodge Jeep Ram, Village Ford Sales & Service Inc., and Harmon Photography Company.
Harwood Heights has an unemployment rate of 8.4%. The US average is 6.0%.
Harwood Heights has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 25.8%, which is lower than the US average of 33.5%.
Tax Rates for Harwood Heights
- The Sales Tax Rate for Harwood Heights is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Harwood Heights 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 Harwood Heights
- The average income of a Harwood Heights resident is $36,313 a year. The US average is $37,638 a year.
- The Median household income of a Harwood Heights resident is $74,577 a year. The US average is $69,021 a year.