When it comes to comparing car insurance policies in Candlewick Lake, Illinois, many factors can play a role in determining your final costs. These factors include the median annual income in Candlewick Lake, IL, the cost of living in Candlewick Lake, and the rate of homeownership. This information is essential for determining the proper level of coverage for your car and your budget.
Median annual income in Candlewick Lake, IL
Median annual income in Candlewick Lake, IL is $53,252 per person. This is higher than the state average of $52,876. Candlewick Lake is home to a diverse mix of people, ranging from college graduates to retirees who are not employed. While the median household income is higher than the state average, it is lower than the national average.
Candlewick Lake has a population that has grown by 1.80% in the last year. Its growth rate is slightly higher than the state average of 0.07%, while the national rate is 0.69%. The median property value in Candlewick Lake, IL is $135,900, and the homeownership rate is 79.8%. People in Candlewick Lake, IL commute to work on average 36 minutes. They also own two cars per household, on average.
The median age of the population in Candlewick Lake, IL is 32.5 years old. This includes both native citizens and foreign-born residents. In 2020, there were 127303 foreign-born residents in the town. According to census data, the majority of foreign-born residents were born in Mexico or India, while the least common country was Poland.
For families with children, childcare expenses are a huge expense, adding thousands of dollars to an average annual expenditure. In Candlewick Lake, childcare expenses are about $2,100 lower than the state average. The cost of childcare for a family of two is $15,853 per year. Food is another important expense, and the cost of food differs between cities.
If you are looking to find target customers in Candlewick Lake, IL, consider locating an income by zip code list. This list will help you find the people who want to buy your products or services. If you have an idea of what kind of customer you're trying to reach, you can purchase a list of 61065 residents.
When it comes to income, Candlewick Lake has a median annual income of $43,500. However, the median household income is only the beginning. A person with an entrepreneurial spirit can earn more than double that in a year. In Candlewick Lake, the median household income is much higher than that in many other suburbs of the country. This means that a household with a higher income can afford to rent their apartment.
Cost of living in Candlewick Lake, IL
The median home value in Candlewick Lake, Illinois was $135,900 in 2020, which was 0.591 times smaller than the national average. Compared to the previous year, the median property value in this area increased from $130,800 to $135,900. In 2020, the homeownership rate in this community was 79.8% and the median commute time was 36.9 minutes. The average household has two cars.
While the cost of living in a particular area is influenced by several factors, the most significant one is area income. In the United States, the median home price is 3.4 times the median household income, which ranges from 1.0 in the least expensive neighborhoods to ten in the most expensive cities. In Candlewick Lake, the median household income is $59,783, which makes housing affordability in this community relatively affordable.
According to the U.S. Census Bureau, a single person spends on average $2,681 on food annually. A family of four, on the other hand, will spend $7,741 on food. The national average for these amounts varies according to the size and composition of the family.
Taxes in Candlewick Lake, Illinois vary. A full-time working adult in this city pays approximately $5,704 in taxes each year. This figure excludes other common taxes. State taxes in Illinois are relatively low. The state collects approximately $3,151 per capita. The average cost of living in Candlewick Lake, IL is slightly less than the state and national average.
Almost all Candlewick Lake, IL residents have health insurance. The majority of residents have employer-sponsored plans. The rest are on Medicaid or Medicare. There are also a few people on military or VA plans. Approximately 1847 people visit primary care physicians per year in Candlewick Lake. Mental health providers see 2328 patients per year.
Health care coverage in Candlewick Lake, IL
Approximately 97.4% of Candlewick Lake, IL residents have health insurance, and the average household has two cars. The median property value in Candlewick Lake is $135,900, and the homeownership rate is 79.8%. The median commute time is 36 minutes. People who live in Candlewick Lake, IL are likely to drive alone to work, and the median car ownership rate is two cars per household.
The cost of health care in Candlewick Lake is higher than the national average, but not by much. The area has 125 physicians for every 100,000 people. Health care in Candlewick Lake is roughly 10 percent more expensive than the national average. Health care in Candlewick Lake is generally high-quality, but it is expensive.
The median age of people in Candlewick Lake, IL is 32.5. This figure includes both native and foreign-born citizens. In 2020, the average age of all Candlewick Lake, IL residents will be 33 years old. The most common occupations for Candlewick Lake, IL residents are Sales & Related Occupations, Installation, Maintenance, and Repair Occupations, and Management Occupations.
The median household income in Candlewick Lake, IL is $78,744. This is higher than the US average of $64,994 for an adult. However, this number doesn't include common taxes. Illinois has a relatively moderate tax burden, with per capita state tax collections of $3,151.
The area is vulnerable to flooding. Floods can disrupt utilities and transportation. They can also affect the local economy. Flooding in Candlewick Lake, Illinois is estimated at a minor risk for the next 30 years. The percentage of risk-prone properties and the risk level of flooding vary from community to community. While a community cannot be completely protected against flooding, it can make its residents and local governments better prepared for future disasters and lower flood insurance costs.