Lake Summerset, IL is a small community located in Winnebago County. With a population of just 6,1019 people, it is the perfect place for those looking to live in an intimate atmosphere. The average 2 bedroom rent price in Lake Summerset is $1,060 which is significantly lower than the US national average of $1,430. This allows residents to save money on rental and living expenses while still enjoying all that Lake Summerset has to offer. The Grocery Cost Index in Lake Summerset is 93 compared to 100 in the US. This makes groceries more affordable and helps residents stretch their budget further.
The community includes local businesses such as Dollar General, Willow Creek Nursery & Garden Center, and Creative Dance Academy LLC offering goods for purchase or services from various industries. There are also recreational activities available such as fishing and hiking at Walleye State Park or playing golf at the local Country View Golf Course. All of these amenities make Lake Summerset an attractive location for those wishing to live among nature while still having access to urban amenities making the cost of living here very appealing.
Lake Summerset (zip 61019) has an unemployment rate of 6.4%. The US average is 6.0%.
Lake Summerset (zip 61019) has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 32.0%, which is lower than the US average of 33.5%.
Tax Rates for Lake Summerset (zip 61019)
- The Sales Tax Rate for Lake Summerset (zip 61019) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Lake Summerset (zip 61019) 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 Lake Summerset (zip 61019)
- The average income of a Lake Summerset (zip 61019) resident is $36,636 a year. The US average is $37,638 a year.
- The Median household income of a Lake Summerset (zip 61019) resident is $80,202 a year. The US average is $69,021 a year.