Lakewood Shores, IL is a great place to live! It has a wide variety of local companies and services to choose from. Residents enjoy access to top-tier dining, shopping, entertainment, and more. Additionally, rent for two-bedroom units in Lakewood Shores is significantly lower than the US average at $1,110 per month. Moreover, grocery costs are also very reasonable as the cost index for Lakewood Shores stands at 95 compared to the US average of 100. As such, Lakewood Shores provides an affordable and comfortable lifestyle. Some popular local companies include ABC Grocers, Fresh Market Restaurant & Bar, and Lakeside Clothing Boutique. With its excellent amenities and low cost of living, it's no wonder that Lakewood Shores is a desirable place to live!
Lakewood Shores has an unemployment rate of 7.1%. The US average is 6.0%.
Lakewood Shores 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 27.9%, which is lower than the US average of 33.5%.
Tax Rates for Lakewood Shores
- The Sales Tax Rate for Lakewood Shores is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Lakewood Shores 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 Lakewood Shores
- The average income of a Lakewood Shores resident is $26,538 a year. The US average is $28,555 a year.
- The Median household income of a Lakewood Shores resident is $68,250 a year. The US average is $69,021 a year.