Cost of Living in Geneseo, IL

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A+
8%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
13%
Housing NAT. AVG.
Date & Last Updated: This data reflects 2025 and was released from C2ER in January, 2026; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Geneseo Illinois National
Cost of living9298100
Goods & Services9598100
Groceries97100100
Health care95102100
Housing8795100
Transportation105102100
Utilities8198100
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Homes For Sale In Geneseo, IL

property for sale

19681 E 1500th St

Geneseo, IL
property for sale

516 W Wells St

Geneseo, IL
property for sale

3303 Valley Dr

Geneseo, IL
property for sale

224 Pin Oak Dr

Geneseo, IL
See the Newest Homes For Sale In Geneseo, IL

Cost Of Living Quick Facts

  • The cost of living in Geneseo is 6% lower than the Illinois average
  • The cost of living in Geneseo is 8% lower than the national average
  • Geneseo housing is 13% lower than the national average
  • Illinois general sales tax is 22% higher than the national average
  • Illinois state income tax is 91% higher than the national average

Most Affordable Places to Live in and Around Geneseo

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Compare Geneseo, IL Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$106,210$8,851$2,478$3,187
      Renters$42,132$3,511$983$1,264
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Geneseo, IL, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Geneseo homeowners, is $106,210. This would allow for a maximum of $2,478 per month to be spent on housing costs. For renters, the median monthly income is $42,132 which would result in a maximum of $983 to be spent on rental costs.

      Illinois Sales Tax

      State General Sales Tax With Max Surtax
      Illinois 6.25% 10.25%

      Illinois Income Tax

      State Income Tax (Low) Income Tax (High)
      Illinois 4.95% 4.95%

      Goods & Services

      Item Geneseo National avg. Difference
      Haircut $31.80$27.6215.1%
      Beauty Salon $47.40$51.117.2%
      Toothpaste $4.05$4.091.0%
      Shampoo $1.60$1.543.8%
      Movie $11.58$12.8810.1%
      Yoga $19.50$19.660.8%

      Groceries

      Item Geneseo National avg. Difference
      Ground Beef $7.47$7.703.0%
      Fried Chicken $1.50$1.669.8%
      Milk $4.71$4.730.5%
      Potatoes $5.00$5.264.9%
      Pizza $11.89$12.766.8%
      Beer $10.25$10.552.8%

      Health Care

      Item Geneseo National avg. Difference
      Optometrist $105.55$140.0624.6%
      Doctor $188.29$153.8222.4%
      Dentist $105.58$123.1514.3%
      Ibuprofen $11.77$11.730.3%
      Lipitor $18.43$23.6121.9%

      Housing

      Item Geneseo National avg. Difference
      Home Price $286,480.00$326,622.0012.3%
      Avg. Mortgage Payment $2,011.25$2,480.2518.9%
      Apartment Rent $1,210.00$1,444.0016.2%

      Transportation

      Item Geneseo National avg. Difference
      Gasoline $3.12$3.062.1%
      Tire Balancing $72.38$65.2111.0%

      Utilities

      Item Geneseo National avg. Difference
      All Electricity $148.28$220.1232.6%
      Phone $201.97$195.713.2%
      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 Population Cost of Living Index National Avg.
      Hooppole, IL1827921.5%
      Kewanee, IL12,9617920.7%
      Hillsdale, IL5468118.8%
      Atkinson, IL1,3648217.8%
      Carbon Cliff, IL1,9988514.7%
      Geneseo, IL6,706927.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Santa Teresa, NM6,706964.0%
      Homeacre-Lyndora, PA6,702981.8%
      Pollock Pines, CA6,71112828.3%
      Medina, MN6,71114444.2%
      Carthage, TX6,7008812.0%
      Geneseo, IL6,706927.6%
      Date & Last Updated: This data reflects 2025 and was released from C2ER in January, 2026; this is the most current data available.
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