After World War II, the community steadily declined. Its school was consolidated with the Rusk schools in the 1950s, and many of the town's businesses closed. The population declined to 350 by the early 1950s, and in 1990 only 171 residents and two stores were reported there. Nevertheless, Gallatin was incorporated in the early 1980s. In 1991, it had an estimated population of 382 and three businesses. In 2000, the population was 378 with four businesses.
After World War II, the community steadily declined. Its sch.ool was consolidated with the Rusk schools in the 1950s, and many of the town's businesses closed. The population declined to 350 by the early 1950s, and in 1990 only 171 residents and two stores were reported there. Nevertheless, Gallatin was incorporated in the, early 1980s. In 1991, it had an estimated population of 382 and three businesses. In 2000, the population was 378 with four businesses.