La Grange, IL Economy


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La Grange, IL is an exciting city located in Cook County just outside of Chicago. The cost of living in La Grange is more affordable than many larger cities with 2 bedroom rent coming at $1,390 compared to the US average of $1,430. The Grocery Cost Index in La Grange offers shoppers a great value at 100 versus the national average of 100.
One well-known company that calls La Grange home is the Cottage Clothespin. Located right on the lively LaGrange Road, this shop offers handcrafted gifts, unique home décor and jewelry made by local artisans. Other notable businesses in La Grange include Walk-On's Sports Bistreaux and Flourish Home & Gift Boutique, offering a variety of services and products to locals and visitors alike.
Beyond shopping opportunities, La Grange also has plenty for visitors to explore such as its historic downtown area which features buildings from the 1840s like the Ayers-McLeod Building. Additionally, it's home to a number of parks including Stone Avenue Park which boasts basketball courts, playgrounds and tennis courts. Finally, it hosts several popular events throughout the year like their annual Scottish Festival & Highland Games as well as their Farmers Market every Saturday from June to October at Gordon Park Plaza.

La Grange has an unemployment rate of 8.4%. The US average is 6.0%.

La Grange 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 La Grange
- The Sales Tax Rate for La Grange is 10.3%. The US average is 7.3%.
- The Income Tax Rate for La Grange 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 La Grange
- The average income of a La Grange resident is $46,330 a year. The US average is $28,555 a year.
- The Median household income of a La Grange resident is $124,292 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLa Grange, IllinoisUnited States
  8.46
  -9.4%-6.2%
  25.8%33.5%
  10.3%6.2%
  5.0%4.6%
  $62,827$37,638
  $124,292$69,021
  $155,774$85,028
  Population by Occupation
  0.3%1.2%
  0.1%0.5%
  3.8%6.8%
  5.1%10.0%
  3.2%2.5%
  7.5%11.0%
  4.4%4.8%
  0.4%0.8%
  1.7%1.9%
  13.3%4.7%
  2.5%1.9%
  17.9%7.6%
  0.4%0.1%
  1.9%4.2%
  11.8%9.3%
  13.5%14.0%
  2.8%2.1%
  4.5%7.0%
  2.0%4.8%
  2.8%4.7%
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