Cost of Living in Galesburg, IL
Population: 29,653 • 2026 Data
$45,213
Median Household Income
-42% vs national
$719
Median Monthly Rent
-47% vs national
$89,800
Median Home Value
-74% vs national
4.7%
Unemployment Rate
Housing in Galesburg
The median home value in Galesburg, IL is $89,800. Monthly rent for a typical unit averages $719, while total monthly housing costs (including utilities and insurance) average $750.
Rent-to-income ratio: 19.1%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Galesburg, IL is $45,213. The unemployment rate stands at 4.7%, with a labor force of 12,326 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.