Elgin, Illinois is the city code 60123. It is located in the northern part of Illinois and is home to several companies and businesses. The average two bedroom rent here is $1,360 which is lower than what you would pay nationally, at $1,430. Grocery cost index in Elgin comes to 96 versus 100 in the US, making it a great place to live for people looking for an affordable lifestyle. There are many local companies and businesses that call Elgin home such as Grand Victoria Casino, Elgin Symphony Orchestra, Elgin Community College and Advocate Sherman Hospital. Whether you're looking for entertainment or educational opportunities, Elgin has something to offer everyone!
Elgin (zip 60123) has an unemployment rate of 7.1%. The US average is 6.0%.
Elgin (zip 60123) has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Elgin (zip 60123)
- The Sales Tax Rate for Elgin (zip 60123) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Elgin (zip 60123) 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 Elgin (zip 60123)
- The average income of a Elgin (zip 60123) resident is $22,532 a year. The US average is $28,555 a year.
- The Median household income of a Elgin (zip 60123) resident is $74,191 a year. The US average is $69,021 a year.