Cost of Living in Geneseo, IL
Population 6,577 · Illinois · Data vintage 2023
(100 = US avg)
Buyers in Geneseo can reasonably expect a home to cost less than three years of household income — $196,000 against $65,226 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country.
Located 25 miles east of Davenport, Geneseo falls within that metro's commuting orbit. Median home values run roughly 21% higher than Davenport's $163,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Geneseo
The median home value in Geneseo is $196,400 — 36% below the national median of $305,000. Median rent runs $952/month, 28% lower than the national median of $1,314/month. The median household income of $65,226/year is 13% lower than the US median of $74,580. The local unemployment rate is 4.6%, below the national average of 4.8%. Illinois's top state income tax rate is 5.0% and the combined sales tax is 8.7%. Overall, Geneseo has a cost of living index of 68 versus the US average of 100, meaning it is 32% less expensive.
Geneseo has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
Frequently Asked Questions
What is the cost of living in Geneseo, IL?
Geneseo has a cost index of 68 (100 = national average). It is 32% below the national average.
What is average rent in Geneseo, IL?
The median gross rent in Geneseo is $952 per month based on 2023 Census data.
What is the average home price in Geneseo?
The median home value in Geneseo is $196,400 according to Zillow and Census data.
What is the median income in Geneseo?
The median household income in Geneseo is $65,226 per year (2023 ACS 5-year estimates).
What is the sales tax in Geneseo, IL?
The combined state and local sales tax rate in Geneseo is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Geneseo, IL affordable?
Yes, Geneseo is generally considered affordable, with a cost of living index of 68 — about 32% below the US national average of 100.
Geneseo at a Glance
- Population
- 6,577
- Median Income
- $65,226
- Home Value
- $196,400
- Median Rent
- $952/mo
- Unemployment
- 4.6%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
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