Knox County · Illinois · Midwest · 29k residents
Galesburg, IL: economy, jobs & business costs
The site-selection read on Galesburg: labor costs, talent, corporate tax, energy, and business activity, with the Illinois median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $951/wk. Illinois's corporate income tax rate is 9.5%. Commercial electricity averages 11.8¢/kWh.
Compare Galesburg side by side
Avg. weekly wage
$951/wk
Corporate income tax
9.5%
Bachelor's degree or higher
19.7%
Commercial electricity
11.8¢/kWh
Economic momentum
How fast Galesburg's economy is moving, ranked against the US cities we track.
55/100
Steady
Ranks Galesburg's jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $96,400 |
| Price per sq. ft. | $175 |
| Property tax rate | 2.1% |
| 1-bedroom rent | $573/mo |
| 2-bedroom rent | $887/mo |
| State & local income tax | 4.95% |
| Sales tax | 8.85% |
| Corporate income tax | 9.5% |
| Avg. weekly wage | $951/wk |
| Bachelor's degree or higher | 19.7% |
| Commercial electricity | 11.8¢/kWh |
| Businesses per 1k residents | 19.8/1k |
| Wage: Software developer | $132,110 |
| Wage: Registered nurse | $95,990 |
| Wage: General manager | $103,570 |
| Wage: Customer service | $46,130 |
| Wage: Warehouse worker | $37,680 |
| Wage: Heavy truck driver | $60,320 |
| Wage: Electrician | $99,560 |
| Wage: Retail salesperson | $35,370 |
| Cost of living index | 77 |
| Groceries index | 98 |
| Utilities | $165/mo |
| Transit pass | $75/mo |
| Gas price | $3.65/gal |
| Healthcare index | 98 |
| Childcare (per child) | $1,300/mo |
| Median household income | $48,297 |
| Unemployment rate | 4.7% |
| Population | 29k |
| Crime index | 50/100 |
| School rating | 6.3/10 |
| Walkability | 30/100 |
| Disaster risk | 57/100 |
| Avg. commute | 29 min |
| Sunny days / year | 190 days |
| July high | 84°F |
| January low | 14°F |
| Annual snowfall | 26 in |
| Home price YoY | +15.6% |
| Home price MoM | +0.8% |
| Rent YoY | — |
| Rent MoM | — |
| Employment (jobs) YoY | +0.5% |
| Building permits YoY | — |
| Ocean coast | 735 mi |
| Big lake | 147 mi |
| Mountains | 234 mi |
| Major airport | 95 mi |
| Ski resort | 168 mi |
Popular comparisons
Nearby
- Moline, IL · 42k
- Rock Island, IL · 36k
- East Moline, IL · 21k
- Peoria, IL · 112k
- East Peoria, IL · 22k
Similar size
- Niles, IL · 30k
- Algonquin, IL · 30k
- Lake in the Hills, IL · 29k
- Burbank, IL · 29k
- Danville, IL · 29k
Real listings in Galesburg
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Galesburg a good place to run a business?
- Illinois's corporate income tax rate is 9.5%; average weekly wages in the surrounding labor market run $951/wk; commercial electricity averages 11.8¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Galesburg, IL?
- Galesburg indexes at 77 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $887/mo and a acs median home value of $96,400.
- How much does a house cost in Galesburg?
- The acs median home value in Galesburg is $96,400 (Census ACS estimate; individual listings vary).
- How much is rent in Galesburg?
- A two-bedroom in Galesburg rents for about $887/mo.