Germantown, Illinois is a small village located in Clinton County about 60 miles east of St. Louis. This quaint community has a population of 62245 people and offers its residents an affordable cost of living with average 2 bedroom rent at $840 compared to US average of $1,430. The grocery cost index in Germantown is 95 versus 100 in the US. \nThe town also offers plenty of local businesses for residents to patronize such as Grand Szechuan Chinese Restaurant, Wabash Valley Produce and Home Hardware. Germantown also plays host to several businesses like Stahlhuth Feed & Seed Farm and Supply Company, as well as Germantown Fuel & Lumber Co., which have been around since the early 1900s and are family-owned and operated. For local entertainment, residents can take advantage of ACE Family Entertainment or The Watering Hole—two popular local eateries that offer live music and a variety of food choices. \nOverall, Germantown offers its citizens an affordable cost of living while providing them with plenty of amenities that make it an enjoyable place to live.
Germantown (zip 62245) has an unemployment rate of 3.7%. The US average is 6.0%.
Germantown (zip 62245) has seen the job market decrease by -6.9% over the last year. Future job growth over the next ten years is predicted to be 32.6%, which is lower than the US average of 33.5%.
Tax Rates for Germantown (zip 62245)
- The Sales Tax Rate for Germantown (zip 62245) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Germantown (zip 62245) 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 Germantown (zip 62245)
- The average income of a Germantown (zip 62245) resident is $39,537 a year. The US average is $37,638 a year.
- The Median household income of a Germantown (zip 62245) resident is $73,571 a year. The US average is $69,021 a year.