Golden Gate, IL is a small town located just outside of Chicago. Despite its size, the town has plenty to offer – including a variety of local businesses. Some popular companies in Golden Gate include Butler's Auto Repair, AT&T Wireless, ACE Hardware and Edwards Cleaners. The cost of living in Golden Gate is relatively low compared to other towns nearby. Rent for a two-bedroom apartment is $600 compared to the national average of $1,430. Additionally, grocery costs are also lower in Golden Gate with an index rating of 89 as opposed to 100 nationally.
Golden Gate has an unemployment rate of 5.4%. The US average is 6.0%.
Golden Gate has seen the job market decrease by -6.8% over the last year. Future job growth over the next ten years is predicted to be 6.2%, which is lower than the US average of 33.5%.
Tax Rates for Golden Gate
- The Sales Tax Rate for Golden Gate is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Golden Gate 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 Gate
- The average income of a Golden Gate resident is $13,077 a year. The US average is $37,638 a year.
- The Median household income of a Golden Gate resident is $13,686 a year. The US average is $69,021 a year.