Prospect Heights, IL is a thriving city located in Illinois. It offers a variety of activities for residents to enjoy, including great restaurants and shopping centers. The 2 bedroom rent is slightly lower than the national average at $1,370 per month, making it an affordable option for those looking for a place to call home. Additionally, Prospect Heights has a Grocery Cost Index of 97 compared to the US average of 100 which makes it an ideal location for budget-conscious shoppers. Local companies that are located in Prospect Heights include Regal Cinemas, Prospect Hill Golf Club and McDonald's. With its proximity to Chicago and low monthly costs, Prospect Heights is an attractive destination for individuals and families alike.
Prospect Heights has an unemployment rate of 8.4%. The US average is 6.0%.
Prospect Heights 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 25.8%, which is lower than the US average of 33.5%.
Tax Rates for Prospect Heights
- The Sales Tax Rate for Prospect Heights is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Prospect Heights 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 Prospect Heights
- The average income of a Prospect Heights resident is $31,272 a year. The US average is $28,555 a year.
- The Median household income of a Prospect Heights resident is $77,763 a year. The US average is $69,021 a year.