Galesburg cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Cost of living index7899100
Goods & Services index87101100
Groceries index9097100
Health care index99101100
Housing index4695100
Transportation index92105100
Utilities index10696100
Displayed above is a general overview of the Galesburg, IL cost of living index. The overall cost of living index in Galesburg, IL is 78, which is 21% lower than the Illinois average and 22% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Galesburg, IL are 14% lower than the Illinois average and 13% lower than the national average.

Did you know?

  • The cost of living in Galesburg is 21% lower than the Illinois average.
  • The cost of living in Galesburg is 22% lower than the national average.
  • The cost of housing in Galesburg is 54% lower than the national average.
  • Illinois general sales tax is 23% higher than the national average.
  • Illinois state income tax is 69% higher than the national average.

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Salary Calculator

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Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator allows you to compare how much your current salary in Galesburg, IL would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Galesburg, IL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Galesburg, IL salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
One can approximate the cost of living and the housing affordability in Galesburg, IL by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Galesburg, IL have a median income of $47,749. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,114 per month to avoid calamity and poverty. The renters in the city have an income of about $22,265, which would make their monthly maximum allowable rental costs $519.

Illinois Sales Tax

StateGeneral Sales TaxWith Max Surtax

Illinois Income Tax

StateIncome Tax (Low)Income Tax (High)
When considering the overall cost of living expenses in Galesburg, IL, it's important to take into account the sales tax for Illinois, as well as the rate for income tax in Illinois. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Illinois is 10.25%, and the sales tax in the state of Illinois is 6.25%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Illinois starts from 3.75% and goes up to 3.75%.

Goods & Services

ItemGalesburgNational avg.Difference
Haircut $11.00$16.0931.6%
Beauty Salon $22.00$37.3341.1%
Toothpaste $2.78$2.4513.7%
Shampoo $0.86$1.0014.4%
Movie $9.00$10.2812.5%
Bowling $4.00$4.9318.9%


ItemGalesburgNational avg.Difference
Ground Beef $3.05$3.8019.9%
Fried Chicken $1.48$1.405.7%
Milk $2.11$2.014.9%
Potatoes $2.73$3.019.3%
Pizza $7.66$9.8922.5%
Beer $8.48$8.904.7%

Health Care

ItemGalesburgNational avg.Difference
Optometrist $85.67$102.1616.1%
Doctor $121.00$108.3611.7%
Dentist $75.67$92.5318.2%
Ibuprofen $9.57$9.283.1%
Lipitor $480.82$425.8212.9%


ItemGalesburgNational avg.Difference
Home Price $71,700.00$184,700.0061.2%
Avg. Mortgage Payment $818.36$1,202.4431.9%
Apartment Rent $590.00$949.0037.8%


ItemGalesburgNational avg.Difference
Gasoline $2.27$2.240.9%
Tire Balancing $34.00$46.2926.6%


ItemGalesburgNational avg.Difference
All Electricity$176.36$165.966.3%
Phone $30.52$28.686.4%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Gilson, IL16080-20%
Maquon, IL33483-17%
North Henderson, IL23783-17%
Victoria, IL29883-17%
Abingdon, IL3,18176-24%
Galesburg, IL31,46978-22%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Garfield, NJ31,45612727%
Marrero, LA31,45490-10%
Fruit Cove, FL31,41911616%
Mundelein, IL31,55011515%
West Fargo, ND31,55799-1%
Galesburg, IL31,46978-22%
Source: The Galesburg, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.