Hawthorn Woods, IL is a small village located in Lake County. This quiet and peaceful community offers its residents a variety of amenities and services, making it an ideal place to live. Although the 2 bedroom rent here is $1,990 which is higher than the US average of $1,430, Hawthorn Woods also has a low cost of living when compared to many other areas in the US. The grocery cost index is 103 versus 100 in the US, indicating that food costs are slightly more expensive than the national average.
The town of Hawthorn Woods is home to numerous businesses such as Edward Jones Financial Services, AT&T Mobility Store, Zignal Labs Inc., Nextage Realty Group Inc., and NAPA Auto Parts - A & K Auto Parts. These companies provide employment opportunities for local residents while also creating economic stability for the area. All in all, Hawthorn Woods provides its residents with an affordable cost of living combined with easy access to goods and services.
Hawthorn Woods has an unemployment rate of 6.4%. The US average is 6.0%.
Hawthorn Woods 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 Hawthorn Woods
- The Sales Tax Rate for Hawthorn Woods is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Hawthorn Woods 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 Hawthorn Woods
- The average income of a Hawthorn Woods resident is $66,662 a year. The US average is $28,555 a year.
- The Median household income of a Hawthorn Woods resident is $213,605 a year. The US average is $69,021 a year.