Lincolnwood, IL is a great place to live due to its access to amenities and businesses. Situated near Chicago, one of the most vibrant cities in the United States, Lincolnwood's rent prices are still relatively affordable at around $2,170 for a two bedroom. Additionally, groceries here are only slightly more expensive than in other parts of the country with an index of 101 compared to 100 US-wide.
The village boasts businesses like Macy’s Department Store and Orchard Village Shopping Center, as well as restaurants such as Beres Bakery & Cafe and Coco's Bistro. There's also plenty of outdoor recreation available at places like Peterson Park and Greenacre Park.
Overall, Lincolnwood is an ideal location for anyone looking for suburban living close enough to Chicago to take advantage of all it has to offer. With affordable rent prices and convenient access to amenities like stores, restaurants and parks, it is no wonder that many people choose Lincolnwood as their home.
Lincolnwood has an unemployment rate of 8.4%. The US average is 6.0%.
Lincolnwood 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 Lincolnwood
- The Sales Tax Rate for Lincolnwood is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Lincolnwood 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 Lincolnwood
- The average income of a Lincolnwood resident is $42,243 a year. The US average is $28,555 a year.
- The Median household income of a Lincolnwood resident is $95,650 a year. The US average is $69,021 a year.