Germantown Hills, IL is a small town of about 2,000 people located in Peoria County, and is known for its rural charm and friendly community. The average rent for a two bedroom apartment is $1,020 which is significantly lower than the US average of $1,430. The cost of living in Germantown Hills is also lower than the national average as evidenced by the Grocery Cost Index which stands at 99 compared to 100 in the US. Popular local companies include Valley Ag & Turf, D&D Construction and German American State Bank. The town is well known for its archeological history with many prehistoric artifacts from over 3,000 years ago being found in the area.
Germantown Hills has an unemployment rate of 4.5%. The US average is 6.0%.
Germantown Hills has seen the job market decrease by -7.6% over the last year. Future job growth over the next ten years is predicted to be 20.8%, which is lower than the US average of 33.5%.
Tax Rates for Germantown Hills
- The Sales Tax Rate for Germantown Hills is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Germantown Hills 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 Hills
- The average income of a Germantown Hills resident is $49,565 a year. The US average is $37,638 a year.
- The Median household income of a Germantown Hills resident is $143,447 a year. The US average is $69,021 a year.