Germantown, IL is a small village in Clinton County located just east of St. Louis. With a population of around 4,800 people, this town offers an affordable cost of living with two bedroom rents averaging $870, compared to the US average of $1,430. Additionally, the grocery cost index in Germantown is below the US average at 95 as opposed to 100. The economy in Germantown is driven by local businesses such as A&A Manufacturing Company and P&M Sawmill & Lumber Co. There are also many recreational activities for residents to enjoy including golfing at Westwood Golf Course and fishing on the nearby Kaskaskia River.
Germantown has an unemployment rate of 3.7%. The US average is 6.0%.
Germantown has seen the job market decrease by -6.9% over the last year. Future job growth over the next ten years is predicted to be 32.6%, which is lower than the US average of 33.5%.
Tax Rates for Germantown
- The Sales Tax Rate for Germantown is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Germantown 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 Germantown
- The average income of a Germantown resident is $35,911 a year. The US average is $37,638 a year.
- The Median household income of a Germantown resident is $67,031 a year. The US average is $69,021 a year.