South Elgin, IL 60177 is a great place to live for many reasons. It has a population of 21,285 people and is situated in the northwest suburbs of Chicago. The local economy is strong with numerous businesses operating in the city including Great Lakes Carpet & Flooring, K-Designers Home Remodeling, Comfort Keepers of South Elgin, and Titan Heating & Cooling. The two bedroom rent is $1,760 per month which is slightly higher than the national average two bedroom rent of $1,430. Additionally there are numerous grocery stores in the area such as ALDI, Jewel-Osco, Walmart Supercenter and Mariano's Fresh Market which are all very affordable with a Grocery Cost Index of 97 compared to the national cost index of 100. All these factors make South Elgin an appealing place for individuals and families looking to settle in the Midwest region.
South Elgin (zip 60177) has an unemployment rate of 7.1%. The US average is 6.0%.
South Elgin (zip 60177) has seen the job market decrease by -9.1% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for South Elgin (zip 60177)
- The Sales Tax Rate for South Elgin (zip 60177) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for South Elgin (zip 60177) 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 South Elgin (zip 60177)
- The average income of a South Elgin (zip 60177) resident is $46,527 a year. The US average is $37,638 a year.
- The Median household income of a South Elgin (zip 60177) resident is $113,304 a year. The US average is $69,021 a year.