Geneseo, IL is a small town with a population of 8,345 located in Henry County. The cost of living is quite affordable; for example, the rent for 2 bedroom apartments is $870 compared to the US average of $1,430. Furthermore, the Grocery Cost Index in Geneseo is 96 while it's 100 on average across the US. Residents can find many local businesses such as DeLong's Auto Parts & Service, Hinkle Auto and Truck Repair, and Salerno's Restaurant and Pizzeria. Additionally, Geneseo has a variety of recreational activities such as bike trails, annual festivals like the Henry County Fair and Corn Festival, unique shopping experiences at boutique stores downtown, and plenty of outdoor activities in nearby parks and forests. With its low cost of living and access to amenities both locally-owned and national chains alike, Geneseo makes an ideal place for those looking to get a good balance between affordability and quality of life.
Geneseo has an unemployment rate of 5.9%. The US average is 6.0%.
Geneseo has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 27.4%, which is lower than the US average of 33.5%.
Tax Rates for Geneseo
- The Sales Tax Rate for Geneseo is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Geneseo 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 Geneseo
- The average income of a Geneseo resident is $29,776 a year. The US average is $28,555 a year.
- The Median household income of a Geneseo resident is $59,327 a year. The US average is $69,021 a year.