Sleepy Hollow, IL is a small town located conveniently close to major urban centers. It is known for its low cost of living and idyllic atmosphere. The local economy is powered by a number of small and medium-sized companies in the area, such as Sleepy Hollow Farms, Sleepy Hollow Mowers, and Sleepy Hollow Chocolates. As one of the most affordable towns in the region, two bedroom rental costs are significantly lower than surrounding areas at $1,490 compared to the US average of $1,430. The grocery cost index in Sleepy Hollow is also relatively low at 98 compared to the national average of 100. These factors combined make Sleepy Hollow an attractive place to live for those looking for affordability and a tranquil lifestyle.
Sleepy Hollow has an unemployment rate of 7.1%. The US average is 6.0%.
Sleepy Hollow has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Sleepy Hollow
- The Sales Tax Rate for Sleepy Hollow is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Sleepy Hollow 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 Sleepy Hollow
- The average income of a Sleepy Hollow resident is $35,049 a year. The US average is $28,555 a year.
- The Median household income of a Sleepy Hollow resident is $127,545 a year. The US average is $69,021 a year.