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EconPulse

Local economy signal dashboard

Saved
PLACEStable

Galatia, IL

Stable overall. Federal Funds 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 score45out of 100
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91
0
0
68
97

Population

913

Data freshness

Unknown

GDP / Output

+7.4% YoY

91

$1.1B

Output changed +7.4% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

0

10.3%

Unemployment is 10.3% for Latest available.

Vintage date unknown

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

Population

-16.6% 5-year

0

913

Population moved -16.6% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

68

22.7%

Median rent consumes 22.7% 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

$7.8K per resident

97

$184.8M

$184.8M 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

$184.8M

$7.8K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$142.4M
2. Department of Veterans Affairs$18.0M
3. Department of Transportation$7.4M

Top recipients

Dollars
1. ILLINOIS DEPARTMENT OF TRANSPORTATION$7.4M
2. HOUSING AUTHORITY OF COUNTY OF SALINE$4.6M
3. EGYPTIAN PUBLIC & MENTAL HEALTH DEPARTMENT$3.8M

Affordable

Housing Affordability

22.7%

of median income

1BR estimate$748
2BR estimate$985
Median income$48,258
Median home value$70,200

ACS context

Quick Facts

Population

913

Median age

37.6

Bachelor's degree+

13.6%

Poverty rate

7.3%

Labor force participation

60.4%

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

Latest available

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

-3.6%

GDP CAGR

+7.8%

Federal flow

5 years

Population (5 years)
20201,095
20211,039
2022964
2023970
2024913
GDP (5 years)
2020$771.9M
2021$838.8M
2022$947.8M
2023$1.0B
2024$1.1B

2-year linear forecast

Predictive Outlook

Population forecast

2024913
2025866 *
2026823 *

R² = 92.6% · * projected

GDP forecast

2024$1.1B
2025$1.2B *
2026$1.3B *

R² = 99.5% · * 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$48,258/yr
Median rent$912/mo
Rent share of income22.7%
Est. mortgage (30yr, 6.5%)$4,260/yr
Mortgage share of income8.8%

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

employment snapshot

Job Market

Unemployment rate10.3%
State avg5.1%
U.S. avg5.2%
Labor force participation60.4%
Poverty rate7.3%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$70,200
Median monthly rent$912
Price-to-rent ratio6.4x

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

composite score

Investment Climate

Investment climateModerate
Composite score39/100
Economic growth91/100
Labor market0/100
Population momentum0/100
Overall stability45/100

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

Location Context

Galatia village, Illinois

City/Town

Part of

Illinois

Nearby locations

Raleigh, ILMuddy, ILHarrisburg, ILThompsonville, ILEldorado, IL