It is located 50 miles (80 km) southeast of Bradford, Pennsylvania.

Light industries, including knitting mills and a tannery have existed in Galeton.

The town is located near Cherry Springs State Park, an area that is home to some of the darkest skies on the U.S. East Coast, making the town and the surrounding areas a tourist destination.

There were 608 housing units at an average density of 869.0 per square mile (335.5/km2).

27.5% of all households were made up of individuals, and 15.6% had someone living alone who was 65 years of age or older.