South Barrington, IL is an affluent village located in the northwest suburbs of Chicago. The village offers a high quality of life with excellent schools, parks and recreational activities. South Barrington is home to many well-known companies such as Motorola Solutions, Baxter International and Walgreens Boots Alliance. The current 2 bedroom rent rate in South Barrington is $2,140 which is $710 more expensive than the US average of $1,430. Additionally, the Grocery Cost Index in South Barrington is 104 versus 100 in the United States which demonstrates that groceries are slightly more expensive here than nationally.
South Barrington has an unemployment rate of 8.4%. The US average is 6.0%.
South Barrington 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 South Barrington
- The Sales Tax Rate for South Barrington is 10.3%. The US average is 7.3%.
- The Income Tax Rate for South Barrington 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 South Barrington
- The average income of a South Barrington resident is $75,185 a year. The US average is $28,555 a year.
- The Median household income of a South Barrington resident is $198,388 a year. The US average is $69,021 a year.