Venetian Village, IL is a small village located in Lake County, Illinois. This quaint village is home to many local businesses such as Venetian Beauty Salon, Venetian Grocery Store and Venetian Bagel Bakery. There is also several nearby attractions like the historic Vernon Hills Park and the scenic Chain O'Lakes State Park. The cost of living in Venetian Village is slightly higher than other areas but still relatively affordable with 2 bedroom rent at $1,580 compared to the US average of $1,430. Additionally, the cost of groceries are slightly higher than other places with an index score of 96 compared to 100 in the US.
Venetian Village has an unemployment rate of 6.4%. The US average is 6.0%.
Venetian Village 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 Venetian Village
- The Sales Tax Rate for Venetian Village is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Venetian 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 Venetian Village
- The average income of a Venetian Village resident is $28,102 a year. The US average is $28,555 a year.
- The Median household income of a Venetian Village resident is $83,438 a year. The US average is $69,021 a year.