Round Lake Park, IL is a charming town not far from Chicago that boasts a great quality of life. There is a bustling economy with companies like Walgreens, Shop N Save, and Sonic Drive-In. The cost of living in Round Lake Park is relatively low compared to the national average; the two bedroom rent is $1,600 versus $1,430 across the US and the grocery cost index is 95 versus 100 nationally. With these affordable prices combined with its quaint atmosphere and convenient location near bigger cities, Round Lake Park makes for an attractive place to live.
Round Lake Park has an unemployment rate of 6.4%. The US average is 6.0%.
Round Lake Park has seen the job market decrease by -7.7% 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 Round Lake Park
- The Sales Tax Rate for Round Lake Park is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Round Lake Park 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 Round Lake Park
- The average income of a Round Lake Park resident is $24,650 a year. The US average is $37,638 a year.
- The Median household income of a Round Lake Park resident is $52,604 a year. The US average is $69,021 a year.