salaryRent is lower than in 90% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 18.6 minutes. Most homes (76.3%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $38,720 a year. That is $19 an hour at a full-time job.
Is rent cheaper than other Illinois cities?
Yes. Rent here is cheaper than in most of Illinois. It is number 46 of 334 cities from cheapest to most expensive.
How much do households earn in Geneseo?
Share of households by yearly income. 26.9% of households earn $100,000 or more.
Rent by apartment size in Geneseo
| Size | Geneseo | U.S. average |
|---|---|---|
| 1 bedroom | $979 | $1,324 |
| 2 bedrooms | $1,161 | $1,509 |
| 3 bedrooms | $1,157 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Geneseo overall?
Everyday prices in Illinois overall are same as the U.S. average (index 100.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Geneseo, so the Illinois figure is shown.
Taxes and bills in Geneseo
Life in Geneseo
Is it cheaper to rent or buy in Geneseo?
Renting is cheaper right now: about $457 a month less.
Owning assumes a typical $205,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $20,540 for the down payment.
Frequently asked questions
What is the average rent in Geneseo, IL?
Renting in Geneseo costs a median of about $968 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Geneseo?
To keep rent under 30% of income, you need about $38,720 a year, or $19 an hour at a full-time job.
Is Geneseo cheap or expensive?
Geneseo is rated Cheap: rent takes 15.4% of the typical household income of $75,654. It ranks 46th cheapest of 334 Illinois cities we track.
How much are property taxes in Geneseo?
The median homeowner in Geneseo pays $3,659 a year in property taxes, about 1.78% of the median home value.
Is Geneseo more expensive than the national average?
Overall prices in Illinois are same as the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Geneseo?
The median home value in Geneseo is $205,400, about 2.7 times the typical yearly household income.
6,673 people live in Geneseo. Numbers are typical (middle) values.