Palatine, IL is an excellent place to live due to its reasonable cost of living. The average 2 bedroom rent in Palatine is $1,740 which is lower than the national average of $1,430. Furthermore, the Grocery Cost Index in Palatine is 100 which is equal to the US index. In Palatine, there are many local businesses such as D&D Automotive Repair Inc., EZ Tax Solutions LLC, and GreenTree Veterinary Hospital that offer quality services for affordable prices. As opposed to other areas in the US, Palatine offers a variety of services at a lower cost making it an attractive option for those looking for a cost-effective lifestyle.
Palatine (zip 60067) has an unemployment rate of 8.4%. The US average is 6.0%.
Palatine (zip 60067) 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 25.8%, which is lower than the US average of 33.5%.
Tax Rates for Palatine (zip 60067)
- The Sales Tax Rate for Palatine (zip 60067) is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Palatine (zip 60067) 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 Palatine (zip 60067)
- The average income of a Palatine (zip 60067) resident is $58,652 a year. The US average is $37,638 a year.
- The Median household income of a Palatine (zip 60067) resident is $117,823 a year. The US average is $69,021 a year.