Gerlaw, IL is a small rural village located in McDonough County. It has an estimated population of 61435 and is surrounded by vast agricultural fields. The average two-bedroom rent in this area is $760, which is much lower than the national average of $1,430. Similarly, the grocery cost index in Gerlaw stands at 92 relative to the US score of 100.
This area provides many opportunities for businesses looking to set up shop. Popular companies located in Gerlaw include Brown and Bryant Trucking, Inc., Country Corner Storage LLC, Helms Electric Inc., and TKG Farms. These establishments provide essential services to locals and create employment opportunities for residents of Gerlaw.
Gerlaw (zip 61435) has an unemployment rate of 5.1%. The US average is 6.0%.
Gerlaw (zip 61435) has seen the job market decrease by -7.3% over the last year. Future job growth over the next ten years is predicted to be 31.6%, which is lower than the US average of 33.5%.
Tax Rates for Gerlaw (zip 61435)
- The Sales Tax Rate for Gerlaw (zip 61435) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Gerlaw (zip 61435) 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 Gerlaw (zip 61435)
- The average income of a Gerlaw (zip 61435) resident is $26,773 a year. The US average is $37,638 a year.
- The Median household income of a Gerlaw (zip 61435) resident is $73,073 a year. The US average is $69,021 a year.