Galesburg Metro Area, IL Economy


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United States / Illinois / Galesburg Metro Area / Counties / Cities / Zip Codes
Galesburg, IL Metro Area is an attractive city for those looking for affordable living. The 2 bedroom rent in Galesburg is around $770 which is considerably lower than the US average of $1,430. Additionally, groceries are relatively inexpensive with a Grocery Cost Index of 92 versus 100 in the US. There are many local companies to consider for employment opportunities including International Paper, Cintas Corporation, and Blick Art Material. Galesburg also has plenty of attractions to explore such as Lake Storey Park, Westwood Sports Complex, and Henderson Park Pool. With its affordable living costs and number of local amenities, Galesburg Metro Area is an excellent place for families to call home.

Galesburg Metro Area has an unemployment rate of 7.5%. The US average is 6.0%.

Galesburg Metro Area has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 16.6%, which is lower than the US average of 33.5%.

Tax Rates for Galesburg Metro Area
- The Sales Tax Rate for Galesburg Metro Area is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Galesburg Metro Area 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 Galesburg Metro Area
- The average income of a Galesburg Metro Area resident is $22,273 a year. The US average is $28,555 a year.
- The Median household income of a Galesburg Metro Area resident is $45,994 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGalesburg, IllinoisUnited States
  7.56
  -7.1%-6.2%
  16.6%33.5%
  7.8%6.2%
  5.0%4.6%
  $25,871$37,638
  $45,994$69,021
  $69,328$85,028
  Population by Occupation
  2.8%1.2%
  0.2%0.5%
  6.1%6.8%
  9.7%10.0%
  3.1%2.5%
  13.2%11.0%
  8.1%4.8%
  0.3%0.8%
  1.1%1.9%
  3.1%4.7%
  0.5%1.9%
  2.4%7.6%
  0.4%0.1%
  1.9%4.2%
  13.1%9.3%
  16.7%14.0%
  1.3%2.1%
  6.9%7.0%
  5.3%4.8%
  3.6%4.7%
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