North Barrington, IL is a thriving suburban community located in Lake County. The cost of living there is higher than the national average, with a two bedroom rental costing $2,140 compared to the US average of $1,430. Additionally, the grocery cost index is also higher at 104 versus the US standard of 100. Despite these higher costs, North Barrington attracts many businesses thanks to its thriving economy. Some notable companies are CH Robinson, Quad Graphics, and Whole Foods Market who have all helped to stimulate growth in the region. These companies provide numerous employment opportunities for local residents and contribute significantly to public revenue. With their presence in North Barrington, they are helping to promote a flourishing business climate that benefits both businesses and citizens alike.
North Barrington has an unemployment rate of 6.4%. The US average is 6.0%.
North Barrington 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 North Barrington
- The Sales Tax Rate for North Barrington is 7.0%. The US average is 7.3%.
- The Income Tax Rate for North Barrington 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 North Barrington
- The average income of a North Barrington resident is $78,326 a year. The US average is $28,555 a year.
- The Median household income of a North Barrington resident is $205,682 a year. The US average is $69,021 a year.