Zip 62935 (Galatia, IL) Economy


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United States / Illinois / No Metro Area / Saline County / No City / Galatia (zip 62935)
Galatia, IL is a small town located in Saline County with a population of 629. This quaint village offers its residents affordable rental prices at an average of $710 for 2 bedroom apartments. In comparison to the US average of $1,430, this is an attractive option for those looking to save money. Additionally, the grocery cost index in Galatia is 91 compared to 100 in the US. There are many local businesses that serve the 629 citizens of Galatia such as Frank’s Country Store, Irvin’s Heating & Air Conditioning and Galatia Pharmacy. With low-cost living and friendly neighbors, it’s easy to see why people love living in Galatia!

Galatia (zip 62935) has an unemployment rate of 7.4%. The US average is 6.0%.

Galatia (zip 62935) has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 9.3%, which is lower than the US average of 33.5%.

Tax Rates for Galatia (zip 62935)
- The Sales Tax Rate for Galatia (zip 62935) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Galatia (zip 62935) 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 Galatia (zip 62935)
- The average income of a Galatia (zip 62935) resident is $22,050 a year. The US average is $28,555 a year.
- The Median household income of a Galatia (zip 62935) resident is $53,542 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGalatia, IllinoisUnited States
  7.46
  -6.2%-6.2%
  9.3%33.5%
  8.0%6.2%
  5.0%4.6%
  $30,189$37,638
  $53,542$69,021
  $66,080$85,028
  Population by Occupation
  16.5%1.2%
  5.3%0.5%
  2.0%6.8%
  7.0%10.0%
  1.2%2.5%
  13.5%11.0%
  3.7%4.8%
  0.8%0.8%
  0.8%1.9%
  2.5%4.7%
  0.0%1.9%
  3.5%7.6%
  0.0%0.1%
  1.9%4.2%
  10.2%9.3%
  14.7%14.0%
  0.0%2.1%
  3.6%7.0%
  8.6%4.8%
  4.0%4.7%
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