Galt, IA is a small town located in central Iowa. It is known for its scenic views and close knit community. The median 2 bedroom rent in Galt is $770, which is considerably lower than the US median of $1,430. The Grocery Cost Index for Galt is 91 compared to 100 in the US, making living costs more affordable. The town is home to several local businesses and attractions such as the Galt Community Center which offers activities for all ages and hosts community events throughout the year. Additionally, there are plenty of outdoor activities such as camping, biking, fishing and canoeing at nearby Lake Red Rock. Galt also has a vibrant art scene with frequent gallery shows at Upper River Gallery.
Galt has an unemployment rate of 3.9%. The US average is 6.0%.
Galt has seen the job market decrease by -2.6% over the last year. Future job growth over the next ten years is predicted to be 13.3%, which is lower than the US average of 33.5%.
Tax Rates for Galt
- The Sales Tax Rate for Galt is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Galt is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Galt
- The average income of a Galt resident is $14,197 a year. The US average is $37,638 a year.
- The Median household income of a Galt resident is $30,000 a year. The US average is $69,021 a year.