Oak Grove, IL is a small rural town located in McHenry County, Illinois. It is home to a variety of local businesses and amenities that make it an attractive place to live. Residents of Oak Grove benefit from lower housing costs than the national average, with two bedroom rentals at just $950 per month. The grocery cost index for Oak Grove is also slightly lower than the national average, at 95 versus 100. The city has plenty of shopping opportunities such as Premier Outlet Mall, local stores and restaurants like Stone Eagle Tavern & Grill, and popular recreational activities like bowling at Grandma's Bowling Center or camping at Lazy River Campground. Other community amenities such as public parks, schools and library services are available for those who choose to call Oak Grove home.
Oak Grove has an unemployment rate of 6.6%. The US average is 6.0%.
Oak Grove has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 26.4%, which is lower than the US average of 33.5%.
Tax Rates for Oak Grove
- The Sales Tax Rate for Oak Grove is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Oak 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 Oak Grove
- The average income of a Oak Grove resident is $14,839 a year. The US average is $28,555 a year.
- The Median household income of a Oak Grove resident is $29,375 a year. The US average is $69,021 a year.