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Green Oaks, IL Economy


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Green Oaks, IL is a vibrant and growing community close to the great city of Chicago. It has plenty to offer its residents from many great local companies such as Walmart, Target, and Costco to nearby restaurants and parks. Major employers like Abbott Laboratories are also just minutes away, adding employment opportunities for Green Oaks locals. The cost of living in Green Oaks is slightly higher than the national average due to the rent for a two bedroom apartment being $1,730 compared with the US average at $1,430. Additionally, grocery costs index in Green Oaks is 102 versus 100 in the US. All of these factors make Green Oaks an attractive option for those looking for a safe and friendly place to live that's close enough to Chicago while still offering its own unique flavor.

Green Oaks has an unemployment rate of 6.4%. The US average is 6.0%.

Green Oaks has seen the job market decrease by -7.7% over the last year. Future job growth over the next ten years is predicted to be 32.8%, which is lower than the US average of 33.5%.

Tax Rates for Green Oaks
- The Sales Tax Rate for Green Oaks is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Green Oaks is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.

Income and Salaries for Green Oaks
- The average income of a Green Oaks resident is $71,585 a year. The US average is $37,638 a year.
- The Median household income of a Green Oaks resident is $98,056 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGreen Oaks, IllinoisUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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