Lake Zurich, IL is a charming city located in Lake County. With a population of 19,622 people and growing, it's an excellent place to raise a family. The average 2 bedroom rent in the city is $2,080 per month which is slightly more than the US average of $1,430. Grocery costs are slightly higher in the area as well with an index of 102 versus 100 in the US.
The city has many businesses that are great places for employment. It includes Baxter International Inc., Kraft Heinz and Ecolab Inc., along with many other small companies that offer employment opportunities. Some of the attractions nearby include Lake Zurich Beach, The Deer Path Inn Museum and Deerpath Park which all offer residents activities such as swimming, hiking, shopping and dining. The city also offers farmers markets throughout the year at Paulus Park Barn for fresh produce from local growers. Many festivals such as Autumn Harvest Festival and Taste Of Summer are held annually to celebrate Lake Zurich's diverse culture.
Lake Zurich (zip 60047) has an unemployment rate of 6.4%. The US average is 6.0%.
Lake Zurich (zip 60047) has seen the job market decrease by -7.7% over the last year. Future job growth over the next ten years is predicted to be 32.8%, which is lower than the US average of 33.5%.
Tax Rates for Lake Zurich (zip 60047)
- The Sales Tax Rate for Lake Zurich (zip 60047) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Lake Zurich (zip 60047) 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 Zurich (zip 60047)
- The average income of a Lake Zurich (zip 60047) resident is $64,863 a year. The US average is $37,638 a year.
- The Median household income of a Lake Zurich (zip 60047) resident is $152,984 a year. The US average is $69,021 a year.