Galt, IL
Population 163 · Illinois
About Galt, IL
Galt is a small community located in Illinois with a population of 163 residents according to the latest US Census Bureau American Community Survey data. The median household income is $108,173 per year, which is 44% above the national median of $75,149. The median age of 59.4 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Galt features a median home value of $187,500, which is 23% below the national median of $244,900. This positions Galt in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 103 total housing units, 100% are owner-occupied (103 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Galt shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Galt have an average one-way commute time of 42.2 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
45.8% of Galt residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 30.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 23.9% of the population being foreign-born.
Cost of Living in Galt, IL
Compared to national averages, Galt has a median household income of $108,173 (44% above the national median of $75,149). Home values average $187,500, which is 23% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Galt's income is 44% above the state average of $75,072, and home values are 13% above the state median of $165,779.
Why Live in Galt, IL?
Galt offers a strong local economy with a median household income of $108,173, well above the national average, and affordable housing with a median home value of $187,500, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and a well-educated community where 45.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.5%, better than the national average.
Galt has a population of 163 with a median age of 59.4 years. Compare Galt with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Galt
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Venedy | 163 | $74,375 | $95,000 | Compare |
| Curran | 164 | $55,417 | $110,400 | Compare |
| Eagle Lake | 164 | $0 | $0 | Compare |
| Fieldon | 162 | $75,208 | $92,100 | Compare |
| Sims | 164 | $47,708 | $46,300 | Compare |
| West Union | 164 | $72,969 | $0 | Compare |
| Williamson | 164 | $56,667 | $75,500 | Compare |
| Freeman Spur | 165 | $35,000 | $66,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Galt With Other Cities
Frequently Asked Questions about Galt
What is the population of Galt, IL?
The population of Galt, IL is 163 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Illinois.
What is the median household income in Galt?
The median household income in Galt, IL is $108,173 per year, which is 44% above the national median of $75,149.
What is the median home value in Galt?
The median home value in Galt, IL is $187,500, which is 23% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Galt?
The median monthly rent in Galt, IL is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Galt?
The unemployment rate in Galt, IL is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Galt, IL a good place to live?
Galt offers above-average incomes, affordable housing, and a strong job market. With a population of 163 and a median age of 59.4, the city appeals to established professionals and retirees.
How educated is Galt, IL?
45.8% of residents in Galt aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Galt?
Key cost-of-living indicators for Galt, IL: median home value is $187,500 (23% below national), median rent is $0/month, and median household income is $108,173. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Galt?
The poverty rate in Galt, IL is 5.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Galt, IL?
Galt's population is 30.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 23.9% of residents are foreign-born.