60707 Elmwood Park, IL is a suburban residential area located in the Cook County. The estimated population of the area is about 25,000 people. For those wishing to live in Elmwood Park, the two bedroom rent stands at $1,360 per month. This is significantly lower than the national average of $1,430 for two bedroom rental units. Furthermore, the grocery cost index in Elmwood Park stands at 98 compared to 100 nationally. Local companies that thrive in Elmwood Park include Lino's Bakery, which offers Italian pastries and breads; Empire Meats & Deli, which offers specialty cuts of meat; and Maria’s Beauty Salon, which specializes in hair care services. With its low rental costs and variety of local businesses available to residents, Elmwood Park provides a great place for families to call home.
Elmwood Park (zip 60707) has an unemployment rate of 7.1%. The US average is 6.0%.
Elmwood Park (zip 60707) has seen the job market decrease by -9.4% over the last year. Future job growth over the next ten years is predicted to be 26.1%, which is lower than the US average of 33.5%.
Tax Rates for Elmwood Park (zip 60707)
- The Sales Tax Rate for Elmwood Park (zip 60707) is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Elmwood Park (zip 60707) 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 Elmwood Park (zip 60707)
- The average income of a Elmwood Park (zip 60707) resident is $34,022 a year. The US average is $37,638 a year.
- The Median household income of a Elmwood Park (zip 60707) resident is $68,430 a year. The US average is $69,021 a year.