Sauk Village, IL is a small town located south of Chicago, with a population of approximately 10,000 people. The cost of renting a two-bedroom apartment in Sauk Village is quite affordable, costing $1,210 compared to the US average of $1,430. Furthermore, groceries are also cheaper in Sauk Village thanks to its Grocery Cost Index score of 92 compared to 100 in the US.
The local economy is primarily driven by small businesses such as restaurants, retail stores like Dollar Tree and Big Lots and manufacturing companies such as Midwest Label Industries and JT Plastics LLC. The prices for goods and services are generally lower than those found in major cities like Chicago due to the smaller size of its market and population. It’s a great destination for those who want an affordable place to live while still being near big-city amenities.
Sauk Village has an unemployment rate of 8.4%. The US average is 6.0%.
Sauk Village 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 Sauk Village
- The Sales Tax Rate for Sauk Village is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Sauk Village 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 Sauk Village
- The average income of a Sauk Village resident is $17,678 a year. The US average is $28,555 a year.
- The Median household income of a Sauk Village resident is $48,877 a year. The US average is $69,021 a year.