Golden, IL Economy


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Golden, IL is a small town located in Adams County. It has a population of around 1,500 people and is known for its peaceful atmosphere. The average rent for a two bedroom apartment in Golden is $820, which is significantly lower than the average US rent of $1,430. For groceries, the cost index in Golden is 92 versus 100 in the US. This makes it an affordable place to live for those looking for a quieter environment and good value for money. Local businesses in Golden include The Golden Cafe, McAllister Plumbing Supply, and O’Malley’s Garage. All three companies provide excellent services and goods at reasonable prices that make life easier for Golden's residents.

Golden has an unemployment rate of 4.4%. The US average is 6.0%.

Golden has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 28.6%, which is lower than the US average of 33.5%.

Tax Rates for Golden
- The Sales Tax Rate for Golden is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Golden 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 Golden
- The average income of a Golden resident is $21,478 a year. The US average is $28,555 a year.
- The Median household income of a Golden resident is $54,583 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGolden, IllinoisUnited States
  4.46
  -6.3%-6.2%
  28.6%33.5%
  6.5%6.2%
  5.0%4.6%
  $28,536$37,638
  $54,583$69,021
  $83,056$85,028
  Population by Occupation
  5.2%1.2%
  0.0%0.5%
  4.6%6.8%
  5.2%10.0%
  7.5%2.5%
  10.3%11.0%
  9.5%4.8%
  0.0%0.8%
  0.6%1.9%
  16.0%4.7%
  0.6%1.9%
  3.7%7.6%
  0.0%0.1%
  0.9%4.2%
  4.3%9.3%
  13.5%14.0%
  0.6%2.1%
  4.6%7.0%
  10.9%4.8%
  2.3%4.7%
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