Zip 60089 (Buffalo Grove, IL) Economy


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The village of Buffalo Grove, Illinois, is a great place to live. Located in Lake County, the village has a population of close to 41,000 people and boasts some of the state’s most prestigious companies. Popular employers in the area include Walgreens, Kraft Heinz Corporation, and Pactiv LLC. For those looking for comfortable living options at affordable prices, two bedroom apartments in Buffalo Grove typically go for around $1,990 per month. Grocery shopping can be a costly affair as well with a grocery cost index of 99 compared to 100 in the US but it's still very reasonably priced compared to many other areas throughout the country.

Buffalo Grove (zip 60089) has an unemployment rate of 4.2%. The US average is 6.0%.

Buffalo Grove (zip 60089) has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 31.8%, which is lower than the US average of 33.5%.

Tax Rates for Buffalo Grove (zip 60089)
- The Sales Tax Rate for Buffalo Grove (zip 60089) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Buffalo Grove (zip 60089) 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 Buffalo Grove (zip 60089)
- The average income of a Buffalo Grove (zip 60089) resident is $46,538 a year. The US average is $28,555 a year.
- The Median household income of a Buffalo Grove (zip 60089) resident is $121,246 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBuffalo Grove, IllinoisUnited States
  4.26
  -8.2%-6.2%
  31.8%33.5%
  8.0%6.2%
  5.0%4.6%
  $55,907$37,638
  $121,246$69,021
  $145,948$85,028
  Population by Occupation
  0.2%1.2%
  0.0%0.5%
  2.6%6.8%
  12.5%10.0%
  5.2%2.5%
  10.3%11.0%
  3.4%4.8%
  0.7%0.8%
  1.9%1.9%
  10.7%4.7%
  1.7%1.9%
  16.7%7.6%
  0.2%0.1%
  2.9%4.2%
  8.4%9.3%
  10.2%14.0%
  2.0%2.1%
  3.6%7.0%
  4.6%4.8%
  2.2%4.7%
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