Sugar Grove, IL is located in the Fox Valley region of Northern Illinois. It’s a charming and picturesque village known for its vibrant community and excellent quality of life. The average rent for a two-bedroom apartment is $1,530, which is slightly higher than the national average of $1,430. Additionally, the Grocery Cost Index in Sugar Grove is 99 compared to 100 in the US overall. This makes it an affordable place to live and work, primarily driven by local businesses like Bensenville Arts & Crafts Supplies, Elgin Furniture Company, Mike's Custom Carpentry, and Rahn's Auto Repair. All these companies provide high-quality services and goods to their local customers at competitive prices.
Sugar Grove has an unemployment rate of 7.1%. The US average is 6.0%.
Sugar Grove 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 Sugar Grove
- The Sales Tax Rate for Sugar Grove is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Sugar Grove 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 Sugar Grove
- The average income of a Sugar Grove resident is $45,898 a year. The US average is $28,555 a year.
- The Median household income of a Sugar Grove resident is $109,331 a year. The US average is $69,021 a year.