Will County · Illinois · Midwest · 28k residents
New Lenox, IL: economy, jobs & business costs
The site-selection read on New Lenox: 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 $1,200/wk. Illinois's corporate income tax rate is 9.5%. Commercial electricity averages 11.8¢/kWh.
Compare New Lenox side by side
Avg. weekly wage
$1,200/wk
Corporate income tax
9.5%
Bachelor's degree or higher
47.6%
Commercial electricity
11.8¢/kWh
Economic momentum
How fast New Lenox's economy is moving, ranked against the US cities we track.
56/100
Steady
Ranks New Lenox'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 | $399,900 |
| Price per sq. ft. | $175 |
| Property tax rate | 2.1% |
| 1-bedroom rent | $1,431/mo |
| 2-bedroom rent | $1,415/mo |
| State & local income tax | 4.95% |
| Sales tax | 8.85% |
| Corporate income tax | 9.5% |
| Avg. weekly wage | $1,200/wk |
| Bachelor's degree or higher | 47.6% |
| Commercial electricity | 11.8¢/kWh |
| Businesses per 1k residents | 22.4/1k |
| Wage: Software developer | $134,380 |
| Wage: Registered nurse | $100,490 |
| Wage: General manager | $109,390 |
| Wage: Customer service | $47,100 |
| Wage: Warehouse worker | $38,450 |
| Wage: Heavy truck driver | $62,300 |
| Wage: Electrician | $102,350 |
| Wage: Retail salesperson | $35,820 |
| Cost of living index | 101 |
| 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 | $140,865 |
| Unemployment rate | 4.7% |
| Population | 28k |
| Crime index | 50/100 |
| School rating | 6.3/10 |
| Walkability | 30/100 |
| Disaster risk | 97/100 |
| Avg. commute | 29 min |
| Sunny days / year | 190 days |
| July high | 84°F |
| January low | 17°F |
| Annual snowfall | 17 in |
| Home price YoY | +2.6% |
| Home price MoM | -0.2% |
| Rent YoY | — |
| Rent MoM | — |
| Employment (jobs) YoY | +1.6% |
| Building permits YoY | -46.5% |
| Ocean coast | 707 mi |
| Big lake | 32 mi |
| Mountains | 309 mi |
| Major airport | 22 mi |
| Ski resort | 229 mi |
Popular comparisons
Nearby
- Mokena, IL · 20k
- Joliet, IL · 150k
- Homer Glen, IL · 25k
- Frankfort, IL · 21k
- Lockport, IL · 26k
Similar size
- Huntley, IL · 28k
- McHenry, IL · 28k
- Lansing, IL · 28k
- Glen Ellyn, IL · 28k
- Wilmette, IL · 28k
Real listings in New Lenox
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is New Lenox 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 $1,200/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 New Lenox, IL?
- New Lenox indexes at 101 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,415/mo and a acs median home value of $399,900.
- How much does a house cost in New Lenox?
- The acs median home value in New Lenox is $399,900 (Census ACS estimate; individual listings vary).
- How much is rent in New Lenox?
- A two-bedroom in New Lenox rents for about $1,415/mo.