German Valley, IL is a small town located in the northwest corner of Illinois known for its rolling hills and picturesque scenery. The cost of living in this area is very reasonable with 2 bedroom rental prices averaging around $970 per month, compared to the US average of $1,430. Grocery costs are also quite low with a grocery cost index of 92 versus the national average of 100. The town is home to several local businesses such as German Valley Hardware & Supply which sells everything from paints and tools to gardening supplies, and Schmidt's Meats & Groceries which specializes in slow-smoked meats and homemade sausages. Both stores offer competitive prices on their merchandise making them great places to shop for everyday necessities.
German Valley has an unemployment rate of 6.4%. The US average is 6.0%.
German Valley has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 32.0%, which is lower than the US average of 33.5%.
Tax Rates for German Valley
- The Sales Tax Rate for German Valley is 8.0%. The US average is 7.3%.
- The Income Tax Rate for German Valley 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 German Valley
- The average income of a German Valley resident is $26,652 a year. The US average is $37,638 a year.
- The Median household income of a German Valley resident is $64,519 a year. The US average is $69,021 a year.