Prospect Heights, IL 60070 is a city located in Cook County, IL and is part of the Chicago metropolitan area. The median 2 bedroom rent for Prospect Heights is $1,330 per month which is slightly lower than the US average of $1,430. In addition to affordable housing costs, Prospect Heights also has a low Grocery Cost Index of 97 versus 100 in the US.
The local economy in Prospect Heights is vibrant with businesses such as Barnes & Noble, Sunny Wok Chinese Restaurant, Flossmoor Country Club and Prospect Plaza Shopping Center. Downtown Prospect Heights offers plenty of restaurant and retail options for residents to explore and enjoy. There are also several parks including Robert E Jampel Park and Lions Park where families can enjoy outdoor activities including playgrounds, walking trails and picnic areas.
Prospect Heights (zip 60070) has an unemployment rate of 8.4%. The US average is 6.0%.
Prospect Heights (zip 60070) 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 Prospect Heights (zip 60070)
- The Sales Tax Rate for Prospect Heights (zip 60070) is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Prospect Heights (zip 60070) 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 Prospect Heights (zip 60070)
- The average income of a Prospect Heights (zip 60070) resident is $42,639 a year. The US average is $37,638 a year.
- The Median household income of a Prospect Heights (zip 60070) resident is $77,598 a year. The US average is $69,021 a year.