Chicago’s northwest suburban labor market along Interstate 90 to Rockford is among the most robust in the Midwest
The region’s percentage of college graduates (37.7%) significantly exceeds the Illinois average, as well as the average percentage of college graduates in surrounding states. While Illinois' workforce maintains a higher percentage of those with degrees than workers in surrounding states, those with degrees in the Huntley workforce area represent an even greater percentage. Those who reside in the Huntley workforce area and maintain at least a bachelor's degree represent nearly 38% of the workforce while those with advanced degrees represent nearly 14% resulting in a greater number of recruits for higher skill level and managment positions. (esri ACS Population Summary 1-2013)
For additional information about the area's educated workforce, visit our Education/Training section.
TOP 10 HIGH TECH EMPLOYMENT METRO AREAS
The Chicago area is ranked among the top 10 metro regions in the number of high-tech employees. The Bay Area Council Economic Institute published its "Technology Works: High Tech Employment and Wages" survey in December 2012 which reported that the Chicago metro area maintains among the top 10 largest number of technology workforce populations in the United States.
GOLDEN CORRIDOR’S HIGH TECH CONCENTRATION
Chicago’s Golden Corridor (representing the eastern half of Huntley’s labor market area) employs over 82,000 in high-tech oriented jobs:
LOWER WAGES THAN THE CITY OF CHICAGO
Wages in the core of Huntley’s labor market are significantly less than those in the City of Chicago and in many cases lower than wages in the Midwest’s other major cities.Huntley and McHenry County employers enjoy significantly lower wages than other businesses in the Metro Chicago area. Based on information from the Illinois Department of Employment Security, McHenry County average wages are 3.27% lower than those in Kane, DeKalb and Kendall Counties, 12.45% lower than in DuPage County, 14.07% lower than Cook County and as much as14.94% lower than in Lake County.
Stated another way, depending upon the Metro-Chicago area county in which a business may locate, the average annual cost of 25 employees could be as much as $123,700 more than that of a company which locates in McHenry County.
Huntley First! is a premier online resource for available properties and economic development information for Huntley Illinois, Northern Illinois and the Chicago region. Site selectors and economic development professionals will find a wealth of information, statistics, demographics and available property here. For more information regarding available properties and economic development opportunities, please contact the Village of Huntley Illinois, or email Margo Griffin at email@example.com.