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EconPulse

Local economy signal dashboard

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PLACEThriving

East Galesburg, IL

Thriving overall. Population is the clearest support signal, while jobs needs the most attention. Housing reads as affordable for a median-income household.

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Overall score75out of 100
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80
50
100
78
96

Population

713

Data freshness

Unknown

GDP / Output

+5.9% YoY

80

$2.4B

Output changed +5.9% in 2024.

Vintage date unknown

State growth4.3%
U.S. growth5.3%

Jobs

Unemployment rate

50

5.1%

Unemployment is 5.1% for June 2026.

Vintage date unknown

State avg5.1%
U.S. avg5.2%

Population

+23.1% 5-year

100

713

Population moved +23.1% over the latest ACS window.

Vintage date unknown

State population12,694,798
U.S. population334,922,499

Housing

Rent share of income

78

15.8%

Median rent consumes 15.8% of median household income: Affordable.

Vintage date unknown

State rent$1.3K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$7.7K per resident

96

$383.0M

$383.0M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$134.6B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$383.0M

$7.7K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$271.6M
2. Railroad Retirement Board$34.2M
3. Department of Veterans Affairs$25.0M

Top recipients

Dollars
1. ILLINOIS DEPARTMENT OF TRANSPORTATION$18.0M
2. REDACTED DUE TO PII$11.2M
3. KNOX COUNTY HOUSING AUTHORITY$4.8M

Affordable

Housing Affordability

15.8%

of median income

1BR estimate$858
2BR estimate$1,130
Median income$79,333
Median home value$123,700

ACS context

Quick Facts

Population

713

Median age

50.3

Bachelor's degree+

28.0%

Poverty rate

17.5%

Labor force participation

60.1%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

June 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+4.3%

GDP CAGR

+6.3%

Federal flow

5 years

Population (5 years)
2020579
2021595
2022618
2023676
2024713
GDP (5 years)
2020$1.8B
2021$2.0B
2022$2.2B
2023$2.3B
2024$2.4B

2-year linear forecast

Predictive Outlook

Population forecast

2024713
2025741 *
2026776 *

R² = 95.3% · * projected

GDP forecast

2024$2.4B
2025$2.6B *
2026$2.8B *

R² = 99.0% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$79,333/yr
Median rent$1,046/mo
Rent share of income15.8%
Est. mortgage (30yr, 6.5%)$7,506/yr
Mortgage share of income9.5%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate5.1%
State avg5.1%
U.S. avg5.2%
Labor force participation60.1%
Poverty rate17.5%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$123,700
Median monthly rent$1,046
Price-to-rent ratio9.9x

Low price-to-rent ratio — buying may be more favorable than renting in this market.

composite score

Investment Climate

Investment climateStrong
Composite score75/100
Economic growth80/100
Labor market50/100
Population momentum100/100
Overall stability75/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

East Galesburg village, Illinois

City/Town

Part of

Galesburg, IL

Nearby locations

Knoxville, ILGalesburg, ILWataga, ILHenderson, ILGilson, IL