Winnebago County · Illinois · Midwest · 24k residents
Loves Park, IL: economy, jobs & business costs
The site-selection read on Loves Park: labor costs, talent, corporate tax, energy, and business activity, with the Illinois median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,179/wk. Illinois's corporate income tax rate is 9.5%. Commercial electricity averages 11.8¢/kWh.
Compare Loves Park side by side
Avg. weekly wage
$1,179/wk
Corporate income tax
9.5%
Bachelor's degree or higher
25.7%
Commercial electricity
11.8¢/kWh
Economic momentum
How fast Loves Park's economy is moving, ranked against the US cities we track.
40/100
Steady
Ranks Loves Park's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $160,400 |
| Price per sq. ft. | $175 |
| Property tax rate | 2.1% |
| 1-bedroom rent | $678/mo |
| 2-bedroom rent | $1,091/mo |
| State & local income tax | 4.95% |
| Sales tax | 8.85% |
| Corporate income tax | 9.5% |
| Avg. weekly wage | $1,179/wk |
| Bachelor's degree or higher | 25.7% |
| Commercial electricity | 11.8¢/kWh |
| Businesses per 1k residents | 20.4/1k |
| Wage: Software developer | $107,640 |
| Wage: Registered nurse | $80,930 |
| Wage: General manager | $98,390 |
| Wage: Customer service | $43,260 |
| Wage: Warehouse worker | $36,020 |
| Wage: Heavy truck driver | $59,900 |
| Wage: Electrician | $93,280 |
| Wage: Retail salesperson | $33,540 |
| Cost of living index | 83 |
| Groceries index | 98 |
| Utilities | $165/mo |
| Transit pass | $75/mo |
| Gas price | $3.65/gal |
| Healthcare index | 98 |
| Childcare (per child) | $1,300/mo |
| Median household income | $61,868 |
| Unemployment rate | 4.7% |
| Population | 24k |
| Crime index | 50/100 |
| School rating | 6.3/10 |
| Walkability | 30/100 |
| Disaster risk | 92/100 |
| Avg. commute | 29 min |
| Sunny days / year | 190 days |
| July high | 84°F |
| January low | 15°F |
| Annual snowfall | 37 in |
| Home price YoY | +7.9% |
| Home price MoM | +0.3% |
| Rent YoY | — |
| Rent MoM | +2.1% |
| Employment (jobs) YoY | -0.6% |
| Building permits YoY | +10.8% |
| Ocean coast | 773 mi |
| Big lake | 32 mi |
| Mountains | 341 mi |
| Major airport | 58 mi |
| Ski resort | 183 mi |
Popular comparisons
Nearby
- Machesney Park, IL · 23k
- Rockford, IL · 148k
- Belvidere, IL · 25k
- Sycamore, IL · 19k
- Woodstock, IL · 26k
Similar size
- Freeport, IL · 24k
- Lisle, IL · 23k
- Yorkville, IL · 24k
- Westmont, IL · 24k
- Maywood, IL · 23k
Real listings in Loves Park
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Loves Park a good place to run a business?
- Illinois's corporate income tax rate is 9.5%; average weekly wages in the surrounding labor market run $1,179/wk; commercial electricity averages 11.8¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Loves Park, IL?
- Loves Park indexes at 83 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,091/mo and a acs median home value of $160,400.
- How much does a house cost in Loves Park?
- The acs median home value in Loves Park is $160,400 (Census ACS estimate; individual listings vary).
- How much is rent in Loves Park?
- A two-bedroom in Loves Park rents for about $1,091/mo.