Zip 60007 (Elk Grove Village, IL) Economy


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Elk Grove Village, IL with its zipcode of 60007 is a great place to call home. It offers a plethora of amenities including local businesses, parks, restaurants, shopping districts, and more. Rent for a two-bedroom apartment in Elk Grove Village is $1,580 compared to the US average of $1,430. Additionally, the grocery cost index in Elk Grove Village is 98 versus 100 in the US.
Families or those seeking outdoor recreation can visit Busse Woods or The Funway Ultimate Entertainment Center for fun activities like mini golf or ice skating. Those looking for retail therapy can check out Woodfield Mall or various other local shops such as The Olive Tap and Daily Dealz Boutique. There are plenty of restaurants to choose from like Big Apple Pizzeria & Deli or Kame Grill Sushi & Ramen Bar. Lastly, some of the local employers include American Airlines Elk Grove Township Road District, Advocate Health Care and AAR Corp.

Elk Grove Village (zip 60007) has an unemployment rate of 5.7%. The US average is 6.0%.

Elk Grove Village (zip 60007) 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 26.6%, which is lower than the US average of 33.5%.

Tax Rates for Elk Grove Village (zip 60007)
- The Sales Tax Rate for Elk Grove Village (zip 60007) is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Elk Grove Village (zip 60007) 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 Elk Grove Village (zip 60007)
- The average income of a Elk Grove Village (zip 60007) resident is $33,733 a year. The US average is $28,555 a year.
- The Median household income of a Elk Grove Village (zip 60007) resident is $89,408 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyElk Grove Village, IllinoisUnited States
  5.76
  -9.4%-6.2%
  26.6%33.5%
  10.0%6.2%
  5.0%4.6%
  $42,549$37,638
  $89,408$69,021
  $108,406$85,028
  Population by Occupation
  0.3%1.2%
  0.0%0.5%
  7.4%6.8%
  13.3%10.0%
  2.9%2.5%
  7.6%11.0%
  10.7%4.8%
  0.7%0.8%
  3.1%1.9%
  6.3%4.7%
  1.2%1.9%
  9.0%7.6%
  0.3%0.1%
  3.6%4.2%
  8.7%9.3%
  12.1%14.0%
  1.8%2.1%
  3.9%7.0%
  4.6%4.8%
  2.5%4.7%
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