Long Grove, IL is a small town located in Lake County Illinois. It is known for its charming atmosphere and quaint downtown area. The cost of renting a two bedroom home in Long Grove is slightly higher than the national average at $1,980 versus $1,430. The Grocery Cost Index in Long Grove is also higher than the national average at 102 compared to 100. Despite the increased cost of living, many people choose to live in Long Grove due to its beautiful scenery and family friendly environment. Popular local companies include Village Square Foods, Meyer's Fruit Farm, and Kimmer’s Ice Cream Station. These local shops provide the community with locally grown produce, unique gifts, and delicious ice cream year-round.
Long Grove has an unemployment rate of 6.4%. The US average is 6.0%.
Long Grove 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 Long Grove
- The Sales Tax Rate for Long Grove is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Long Grove 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 Long Grove
- The average income of a Long Grove resident is $67,595 a year. The US average is $28,555 a year.
- The Median household income of a Long Grove resident is $207,275 a year. The US average is $69,021 a year.