Lake Camelot, IL is a great place to live and work. Its low cost of living makes it attractive to both families and young professionals alike. The average two-bedroom rent is $1,150 – much lower than the US average of $1,430. Grocery prices are also cheaper than the national average, with an index score of 97 compared to 100 in the US. Local companies include Camel Lake Dairy, Camel Lake Products Inc., and Camel Lake Industries. There are many small businesses scattered around town, offering unique services and products at competitive rates. With its low cost of living and thriving local economy, Lake Camelot makes for an ideal home for individuals or families seeking affordability without sacrificing quality of life.
Lake Camelot has an unemployment rate of 8.2%. The US average is 6.0%.
Lake Camelot has seen the job market decrease by -7.5% over the last year. Future job growth over the next ten years is predicted to be 17.6%, which is lower than the US average of 33.5%.
Tax Rates for Lake Camelot
- The Sales Tax Rate for Lake Camelot is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Camelot 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 Lake Camelot
- The average income of a Lake Camelot resident is $37,738 a year. The US average is $37,638 a year.
- The Median household income of a Lake Camelot resident is $104,773 a year. The US average is $69,021 a year.