Galena, MO is an affordable place to live. The average two-bedroom rent in Galena is $730, which is significantly lower than the US average two-bedroom rent of $1,430. Additionally, the grocery cost index in Galena is 98 versus 100 in the US, which makes it a great place for those on a budget. The city prides itself on being a business-friendly environment and provides support for start-ups and entrepreneurs. Some local companies include the Galena Bank of Missouri, K&K Manufacturing Inc., and Black Jack Mechanical Inc.
Galena has an unemployment rate of 8.1%. The US average is 6.0%.
Galena has seen the job market decrease by -10.1% over the last year. Future job growth over the next ten years is predicted to be 31.2%, which is lower than the US average of 33.5%.
Tax Rates for Galena
- The Sales Tax Rate for Galena is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Galena is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Galena
- The average income of a Galena resident is $13,318 a year. The US average is $37,638 a year.
- The Median household income of a Galena resident is $27,625 a year. The US average is $69,021 a year.