Round Lake Heights, IL is a small town located near the border of Illinois and Wisconsin. It is known for its affordable housing and low cost of living. The average rent for a two-bedroom apartment in Round Lake Heights is $1,610, which is slightly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Round Lake Heights is 95 versus 100 in the US, which means groceries are even less expensive than usual. As far as local businesses go, Round Lake Heights has plenty to offer from restaurants to retailers. Notable companies include Subway, Walgreens Pharmacy, Dollar General Store, KFC and Burger King along with several other fast food establishments. All these amenities make Round Lake Heights an attractive place to live for people looking for a low-cost lifestyle.
Round Lake Heights has an unemployment rate of 6.4%. The US average is 6.0%.
Round Lake Heights 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 Round Lake Heights
- The Sales Tax Rate for Round Lake Heights is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Round Lake 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 Round Lake Heights
- The average income of a Round Lake Heights resident is $22,057 a year. The US average is $28,555 a year.
- The Median household income of a Round Lake Heights resident is $73,807 a year. The US average is $69,021 a year.