Highwood, IL is a small city located in Lake County. It is known for its high quality of life and strong sense of community. The average rent for a two bedroom in Highwood, IL is $1,560 compared to the US average which is $1,430. The Grocery Cost Index in Highwood is 99 compared to 100 in the US which indicates that groceries are slightly less expensive than the national average.
Highwood is home to several local businesses such as Loon Lake Brewing Company, Highwood Steakhouse, and Chicago Dough Pizza. These businesses offer unique dining experiences combined with quality customer service. Additionally, there are many shops and boutiques selling clothing and accessories at reasonable prices that make Highwood an enjoyable place to live. For example, a pair of jeans can be bought for around $30 in Highwood while they may cost up to $50 elsewhere.
Overall, Highwood offers an affordable cost of living and a vibrant community atmosphere that makes it an attractive place to live.
Highwood has an unemployment rate of 6.4%. The US average is 6.0%.
Highwood 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 Highwood
- The Sales Tax Rate for Highwood is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Highwood 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 Highwood
- The average income of a Highwood resident is $29,122 a year. The US average is $28,555 a year.
- The Median household income of a Highwood resident is $88,913 a year. The US average is $69,021 a year.