Galena, IL Economy


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United States / Illinois / No Metro Area / Jo Daviess County / Galena / Zip Codes
Galena, IL is a charming and picturesque city located in the northwest corner of Illinois. It is known for its vibrant historic downtown, outdoor recreational activities, and beautiful bluffs. With 2 bedroom rent costing $780 per month, Galena is a great place to call home. There are many local businesses that make up a strong business community, including the Galena Canning Company, Galena Cellars Winery & Vineyard, Blaum Bros. Distilling Co., and Fehr Graham Engineering & Environmental Solutions. When it comes to things to do in the area, there are many attractions and activities available such as hiking and biking trails along the Mississippi River, kayaking on Lake Galena or taking a scenic drive through the rolling hills of Jo Daviess County.

Galena has an unemployment rate of 6.1%. The US average is 6.0%.

Galena has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 18.9%, which is lower than the US average of 33.5%.

Tax Rates for Galena
- The Sales Tax Rate for Galena is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Galena 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 Galena
- The average income of a Galena resident is $27,796 a year. The US average is $28,555 a year.
- The Median household income of a Galena resident is $57,632 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGalena, IllinoisUnited States
  6.16
  -8.2%-6.2%
  18.9%33.5%
  7.3%6.2%
  5.0%4.6%
  $41,915$37,638
  $57,632$69,021
  $70,446$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  5.1%6.8%
  24.2%10.0%
  0.0%2.5%
  6.6%11.0%
  2.3%4.8%
  0.0%0.8%
  6.2%1.9%
  6.3%4.7%
  0.9%1.9%
  4.3%7.6%
  0.0%0.1%
  6.0%4.2%
  8.5%9.3%
  8.1%14.0%
  1.7%2.1%
  16.8%7.0%
  3.1%4.8%
  0.0%4.7%
Reviews for Galena
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We've lived in Galena for about ten years now; previously lived in Elgin, then Cary. Moving here was like heaven (with some trade offs) especially after living in  More

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Over 12 years ago

My city of Galena, IL has festivals, parades, and parties almost every weekend of the year. Our Halloween parade usually lasts around 2 hours and draws in over 10,000  More

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Galena offers art shows, antique shops, arts/crafts fairs, Civil War re-enactments, theater, concerts, and more. Every weekend, there's something cultural going on, much  More

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