McCullom Lake, IL is a small suburb of Chicago that offers its residents a peaceful atmosphere that is perfect for raising a family. The cost of living in McCullom Lake is relatively low compared to other cities in the area, with two-bedroom rent averaging $1,540 versus the US average of $1,430. Grocery costs are also low here at 96 compared to the national average of 100. In terms of businesses and education, there are many great companies located in McCullom Lake such as Frito Lay and Aluma Tower Company. There are also numerous excellent schools for students including Charles Reed Elementary School, Wauconda Junior High School and Lakes Community High School.
McCullom Lake has an unemployment rate of 5.9%. The US average is 6.0%.
McCullom Lake 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 27.6%, which is lower than the US average of 33.5%.
Tax Rates for McCullom Lake
- The Sales Tax Rate for McCullom Lake is 7.0%. The US average is 7.3%.
- The Income Tax Rate for McCullom Lake 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 McCullom Lake
- The average income of a McCullom Lake resident is $30,305 a year. The US average is $37,638 a year.
- The Median household income of a McCullom Lake resident is $67,083 a year. The US average is $69,021 a year.