Ringwood, IL is a small town located in McHenry County with a population of 6,072. The average rent for a 2 bedroom apartment in Ringwood is $1,420, which is slightly lower than the US average of $1,430. Grocery costs are also significantly cheaper in Ringwood as the cost index is at 100 compared to the nationwide rate of 100 as well. The town is home to several businesses such as JJ's On State Road Restaurant & Bar, All Around Bicycles and Hockey Pro Shop, and Advanced Technology Solutions Inc., all of which provide quality services to residents. In conclusion, Ringwood is an affordable place to live with many amenities and business opportunities for its residents.
Ringwood (zip 60072) has an unemployment rate of 5.9%. The US average is 6.0%.
Ringwood (zip 60072) 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 27.6%, which is lower than the US average of 33.5%.
Tax Rates for Ringwood (zip 60072)
- The Sales Tax Rate for Ringwood (zip 60072) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Ringwood (zip 60072) 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 Ringwood (zip 60072)
- The average income of a Ringwood (zip 60072) resident is $48,788 a year. The US average is $37,638 a year.
- The Median household income of a Ringwood (zip 60072) resident is $128,000 a year. The US average is $69,021 a year.