Lanark, IL is a small village located in Carroll County. The population of Lanark is 61046 as of 2020. The two bedroom rent in Lanark is $810 which is significantly lower than the US two bedroom rent of $1,430. The grocery cost index in Lanark is 97 versus 100 in the US which makes groceries more affordable for locals.
The local businesses in Lanark consist of convenience stores, drug stores, gas stations, hardware stores, banks, restaurants and fast food establishments. There are also several public parks with amenities such as playgrounds and picnic areas for families to enjoy. Additionally, there are cultural attractions such as museums and art galleries located nearby. The citizens of Lanark can also take advantage of a variety of outdoor activities like hiking trails and fishing spots that are available close by.
Lanark (zip 61046) has an unemployment rate of 5.7%. The US average is 6.0%.
Lanark (zip 61046) has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 16.4%, which is lower than the US average of 33.5%.
Tax Rates for Lanark (zip 61046)
- The Sales Tax Rate for Lanark (zip 61046) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Lanark (zip 61046) 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 Lanark (zip 61046)
- The average income of a Lanark (zip 61046) resident is $36,758 a year. The US average is $37,638 a year.
- The Median household income of a Lanark (zip 61046) resident is $74,375 a year. The US average is $69,021 a year.