Ringwood, IL is a small village located in McHenry County. It is home to many quaint shops and restaurants which provide the perfect opportunity for residents to explore the area. The town also has several parks and trails that are available for outdoor recreation. Ringwood is known for its vibrant cultural scene with local companies such as the Ringwood Art Center, award-winning farmers' markets, and other unique attractions. There are also a variety of festivals and events held throughout the year such as the Annual Ringwood Wine Festival or Olde Towne Days. The cost of living in Ringwood is slightly lower than the US average with a 2 bedroom rent at $1,430 and grocery cost index at 100 compared to the US average of 100 as well.
Ringwood has an unemployment rate of 5.9%. The US average is 6.0%.
Ringwood 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 Ringwood
- The Sales Tax Rate for Ringwood is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Ringwood 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 Ringwood
- The average income of a Ringwood resident is $33,622 a year. The US average is $28,555 a year.
- The Median household income of a Ringwood resident is $128,000 a year. The US average is $69,021 a year.