Wonder Lake, IL is a charming little town located in McHenry County. This cozy, suburban community offers residents an escape from the hustle and bustle of city life while providing plenty of amenities for those who don’t want to stray too far from home. The rental prices for 2 bedroom apartments in Wonder Lake are currently at $1,440 which is only slightly higher than the US average of $1,430. Additionally, grocery costs in Wonder Lake are surprisingly low with an index score of 95 compared to 100 in the US.
The local economy in Wonder Lake is thriving thanks to its close proximity to major cities like Chicago and Milwaukee. Several businesses call Wonder Lake home including Pizza Junction, Berg Bros Automotive Repair and F&L Motors. From camping and fishing at Wonder Lake State Park to enjoying drinks with friends at Beachfront Bar & Grill, there’s something for everyone here! All this coupled with great rental prices makes Wonder Lake an attractive option for anyone looking to move away from the big city without sacrificing convenience or amenities.
Wonder Lake has an unemployment rate of 5.9%. The US average is 6.0%.
Wonder Lake 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 27.6%, which is lower than the US average of 33.5%.
Tax Rates for Wonder Lake
- The Sales Tax Rate for Wonder Lake is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Wonder Lake 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 Wonder Lake
- The average income of a Wonder Lake resident is $29,096 a year. The US average is $28,555 a year.
- The Median household income of a Wonder Lake resident is $95,152 a year. The US average is $69,021 a year.