Garden Prairie, IL is a small town located in Boone County with a population of 61038. The cost of living in Garden Prairie is quite reasonable with 2 Bedroom rent averaging at $1,050 versus the nationwide average of $1,430. Additionally, the Grocery Cost Index in this area is 95 compared to the US average of 100. With such an affordable cost of living here, locals benefit from their money going farther. Some well-known companies in Garden Prairie include Boone Industries and Thornridge Machine Shop which both provide jobs for many residents. Furthermore, Garden Prairie offers plenty of other job opportunities due to its proximity to Chicago and Rockford.
Garden Prairie (zip 61038) has an unemployment rate of 7.8%. The US average is 6.0%.
Garden Prairie (zip 61038) has seen the job market decrease by -9.1% over the last year. Future job growth over the next ten years is predicted to be 24.0%, which is lower than the US average of 33.5%.
Tax Rates for Garden Prairie (zip 61038)
- The Sales Tax Rate for Garden Prairie (zip 61038) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Garden Prairie (zip 61038) 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 Garden Prairie (zip 61038)
- The average income of a Garden Prairie (zip 61038) resident is $23,419 a year. The US average is $37,638 a year.
- The Median household income of a Garden Prairie (zip 61038) resident is $61,150 a year. The US average is $69,021 a year.