Schaumburg, IL is a great place to live with lots of amenities and activities for everyone. The two-bedroom rent in this area is $1,850 compared to the national average of $1,430. Additionally, the grocery cost index in Schaumburg is 96 compared to 100 nationally. This makes it an economical place to live as well as an enjoyable one.
Some of the local companies that make Schaumburg what it is include Motorola Solutions, which employs around 6,000 people and creates state-of-the-art technology solutions for businesses and government agencies around the world; Zurich North America Insurance Company which provides property/casualty insurance services throughout North America; CME Group Inc., a leading global provider of innovative products and services across financial markets; and AAR Corp., an aviation maintenance company providing parts provider for commercial airlines and military aircrafts. All of these businesses contribute to making Schaumburg a vibrant city full of opportunity for residents and visitors alike.
Schaumburg (zip 60194) has an unemployment rate of 5.3%. The US average is 6.0%.
Schaumburg (zip 60194) 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 27.9%, which is lower than the US average of 33.5%.
Tax Rates for Schaumburg (zip 60194)
- The Sales Tax Rate for Schaumburg (zip 60194) is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Schaumburg (zip 60194) 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 Schaumburg (zip 60194)
- The average income of a Schaumburg (zip 60194) resident is $42,959 a year. The US average is $37,638 a year.
- The Median household income of a Schaumburg (zip 60194) resident is $85,837 a year. The US average is $69,021 a year.