Palatine, IL is a vibrant village located in Cook County with a population of 68,557 people. It is a great place to live with plenty of amenities close by. The 2 bedroom rent in Palatine is $1,520 which is slightly higher than the US average of $1,430. Grocery cost index in Palatine is 97 versus 100 in the US. There are several local businesses such as Village Tavern and Grill, Andersonville Brewing Company, Kamehachi Sushi Bar and Tiki Lounge for entertainment. Moreover, for convenience there are stores like Jewel Osco grocery store and Kohl's Department store. In addition to this there are places for leisure such as Deer Grove Forest Preserve and Cutting Hall Performing Arts Center for entertainment.
Palatine (zip 60074) has an unemployment rate of 8.4%. The US average is 6.0%.
Palatine (zip 60074) 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 60074)
- The Sales Tax Rate for Palatine (zip 60074) is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Palatine (zip 60074) 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 60074)
- The average income of a Palatine (zip 60074) resident is $36,262 a year. The US average is $37,638 a year.
- The Median household income of a Palatine (zip 60074) resident is $70,999 a year. The US average is $69,021 a year.