Galva, IL (zip code 61434) is a small city in Henry County with a population of about 1,900. Despite its small size, there are plenty of local businesses to explore - including restaurants such as The Station Steak & Seafood or Healy’s Cafe; convenience stores like GFI Grocery; and even a hardware store. Rent for a 2-bedroom apartment in Galva is significantly lower than the US average at $800 while the grocery cost index is 91 versus 100 in the US. This makes it an appealing destination for those that don’t need to be near large cities but need more resources than rural towns.
Galva (zip 61434) has an unemployment rate of 5.9%. The US average is 6.0%.
Galva (zip 61434) has seen the job market decrease by -7.9% over the last year. Future job growth over the next ten years is predicted to be 27.4%, which is lower than the US average of 33.5%.
Tax Rates for Galva (zip 61434)
- The Sales Tax Rate for Galva (zip 61434) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Galva (zip 61434) 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 Galva (zip 61434)
- The average income of a Galva (zip 61434) resident is $28,018 a year. The US average is $37,638 a year.
- The Median household income of a Galva (zip 61434) resident is $52,273 a year. The US average is $69,021 a year.