Winthrop Harbor, IL is a great place to live and work. The two bedroom rent price is much more affordable than the US average at just $1,280 compared to $1,430. Additionally, the overall cost of living is lower with a Grocery Cost Index of 96 compared to 100 in the US. This makes it much easier for families and individuals to make ends meet. There are several local companies offering affordable services such as B&R Plumbing Inc., which specializes in plumbing repairs and maintenance; DeGrove Electric which offers electrical repairs; and Lorraine's Cleaning Services which provides janitorial services. All three businesses provide quality products and services at reasonable prices.
Winthrop Harbor has an unemployment rate of 6.4%. The US average is 6.0%.
Winthrop Harbor 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 Winthrop Harbor
- The Sales Tax Rate for Winthrop Harbor is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Winthrop Harbor 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 Winthrop Harbor
- The average income of a Winthrop Harbor resident is $33,361 a year. The US average is $28,555 a year.
- The Median household income of a Winthrop Harbor resident is $85,536 a year. The US average is $69,021 a year.