60050 McHenry, IL is a community located in the state of Illinois, USA. It has an estimated population of 25,818 people and is known for its outdoor recreational activities such as fishing and canoeing on the Fox River. The median rental cost for a two-bedroom apartment in this area is $1,530 per month, which is slightly higher than the nationwide average of $1,430 per month. Additionally, the grocery cost index in 60050 McHenry IL is 96 compared to 100 across the US.
The local economy of 60050 McHenry IL is mainly supported by manufacturing businesses such as Tyler Tool Company and Universal Packaging Solutions Inc., both of which employ many people from the local community. There are also several small businesses around town that provide services such as dog grooming, auto repair, and event planning. These businesses add to the local character of 60050 McHenry IL while also serving their customers with quality products or services.
Overall, 60050 McHenry IL offers residents a unique lifestyle with plenty of recreational activities along with a selection of well-established companies. The rental prices are slightly more expensive than other areas but it's worth it considering the higher purchasing power index as well as access to different business opportunities.
McHenry (zip 60050) has an unemployment rate of 5.6%. The US average is 6.0%.
McHenry (zip 60050) has seen the job market decrease by -9.5% over the last year. Future job growth over the next ten years is predicted to be 27.5%, which is lower than the US average of 33.5%.
Tax Rates for McHenry (zip 60050)
- The Sales Tax Rate for McHenry (zip 60050) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for McHenry (zip 60050) 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 McHenry (zip 60050)
- The average income of a McHenry (zip 60050) resident is $41,338 a year. The US average is $37,638 a year.
- The Median household income of a McHenry (zip 60050) resident is $76,147 a year. The US average is $69,021 a year.