Heritage Lake, IL is an attractive place to live due to the lower prices of rent and groceries. Residents of Heritage Lake can enjoy a two-bedroom rental for only $900 compared to the national average of $1,430. Additionally, the grocery cost index is 97 compared to 100 nationally. The city is home to several local businesses, such as Outback Steakhouse, McDonalds and Sonic Drive-In. There are also many specialty stores like LA Fitness and Chili’s Bar & Grill. Furthermore, it is known for its excellent range of educational opportunities from kindergarten through college. With its beautiful scenery and vibrant community atmosphere, Heritage Lake offers something for everyone in search of a home away from home.
Heritage Lake has an unemployment rate of 5.7%. The US average is 6.0%.
Heritage Lake has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 19.4%, which is lower than the US average of 33.5%.
Tax Rates for Heritage Lake
- The Sales Tax Rate for Heritage Lake is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Heritage 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 Heritage Lake
- The average income of a Heritage Lake resident is $32,227 a year. The US average is $28,555 a year.
- The Median household income of a Heritage Lake resident is $105,156 a year. The US average is $69,021 a year.