Loves Park, IL is a great place to live due to its low cost of living. The rent for a two bedroom in Loves Park is $1,010, compared to the US average of $1,430. Additionally, grocery items in Loves Park are much more affordable with their Grocery Cost Index at 91 versus 100 in the US. For those who live in or are considering a move to Loves Park, there are plenty of local attractions and businesses to explore. Businesses like Smokin' T's BBQ and Grill provide delicious food while companies like A-1 Vacuum Sales & Service and Birkey's Farm Store offer products and services that help make life easier. Overall, Loves Park offers an affordable lifestyle that balances quality of life with savings.
Loves Park has an unemployment rate of 8.1%. The US average is 6.0%.
Loves Park has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Loves Park
- The Sales Tax Rate for Loves Park is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Loves Park 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 Loves Park
- The average income of a Loves Park resident is $27,276 a year. The US average is $28,555 a year.
- The Median household income of a Loves Park resident is $57,894 a year. The US average is $69,021 a year.