Galt, Illinois is a small village in Kane county that has a population of 61037. The 2 bedroom rent in Galt is $810 which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index for Galt is 93 compared to 100 in the US making food items relatively cheaper here. This makes it an affordable place to live since it’s not only cheaper to rent but also cheaper to buy groceries.
Galt is home to notable companies like Rheem Manufacturing Company, AAR Corp, and CSL Behring that provide employment opportunities for its locals. There are also plenty of recreational activities here such as golfing and biking trails as well as wonderful dining options that provide residents with various entertainment options at a much lower cost than other towns and cities.
Overall, Galt offers its residents an affordable cost of living along with great job opportunities and leisure activities.
Galt (zip 61037) has an unemployment rate of 5.4%. The US average is 6.0%.
Galt (zip 61037) has seen the job market decrease by -7.8% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for Galt (zip 61037)
- The Sales Tax Rate for Galt (zip 61037) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Galt (zip 61037) 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 Galt (zip 61037)
- The average income of a Galt (zip 61037) resident is $141,087 a year. The US average is $37,638 a year.
- The Median household income of a Galt (zip 61037) resident is $61,193 a year. The US average is $69,021 a year.