Algonquin, IL is a great place to call home with its affordable housing prices and cost of living. The average 2 bedroom rent in Algonquin is $2,040, which is significantly lower than the national average of $1,430. The grocery cost index in Algonquin is 97 versus the US average of 100. Local companies that can be found in Algonquin include Walgreens, Best Buy, Target and ALDI supermarkets. Other local businesses include restaurants such as LongHorn Steakhouse and Chick-fil-A. There are also many unique stores like The Red Brick Boutique and That Little Shop on Main Street that offer one-of-a-kind items for locals to enjoy.
Algonquin (zip 60102) has an unemployment rate of 5.6%. The US average is 6.0%.
Algonquin (zip 60102) has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 31.3%, which is lower than the US average of 33.5%.
Tax Rates for Algonquin (zip 60102)
- The Sales Tax Rate for Algonquin (zip 60102) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Algonquin (zip 60102) 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 Algonquin (zip 60102)
- The average income of a Algonquin (zip 60102) resident is $39,463 a year. The US average is $28,555 a year.
- The Median household income of a Algonquin (zip 60102) resident is $111,796 a year. The US average is $69,021 a year.