Tower Lakes, Illinois is an area located near North Western Chicago. It is a great place to live, with a small-town feel and plenty of amenities. The two bedroom rent in Tower Lakes is higher than the US average, making it an attractive option for those looking for an upscale suburban lifestyle. The grocery cost index in Tower Lakes is also higher than the US average, making this a great place to purchase groceries. Along with shopping options, there are several local companies and amenities, such as the Tower Lakes Golf Course, which is one of the most popular golf courses in the area. There are also several restaurants nearby, including a bakery and Italian restaurant. For recreational activities, visitors can enjoy swimming at Lakeview Park or take advantage of the city’s public library system.
Tower Lakes has an unemployment rate of 6.4%. The US average is 6.0%.
Tower Lakes 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 Tower Lakes
- The Sales Tax Rate for Tower Lakes is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Tower Lakes 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 Tower Lakes
- The average income of a Tower Lakes resident is $63,648 a year. The US average is $28,555 a year.
- The Median household income of a Tower Lakes resident is $148,750 a year. The US average is $69,021 a year.