Cost of Living in Rock Falls, IL

Population 8,683 · Illinois · Data vintage 2023

39
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Rock Falls a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $82,000. Around 23% of residents live below the federal poverty line, a rate that tends to correlate with the income and housing figures above.

Geographically, Rock Falls is about 45 miles southwest of Rockford, the nearest large metro. Median home values run roughly 32% lower than Rockford's $121,000.

Cost Overview

Housing 27
Rent 57

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Rock Falls

The median home value in Rock Falls is $82,400 — 73% below the national median of $305,000. Median rent runs $745/month, 43% lower than the national median of $1,314/month. The median household income of $48,733/year is 35% lower than the US median of $74,580. The local unemployment rate is 5.5%, above 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, Rock Falls has a cost of living index of 39 versus the US average of 100, meaning it is 61% less expensive.

🏠 Housing

Median Home Value
$82,400
73% below avg
Zillow Home Value
$117,554
Zillow ZHVI
Median Rent
$745/mo
43% below avg
Zillow Rent
$850/mo
Zillow ZORI
Price-to-Rent Ratio
9.2x
Favors buying
Property Tax Rate
2.2%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$651
1 BR
$741
2 BR
$899
3 BR
$1,196
4 BR
$1,364
Owner-occupied 65.6%
Renter-occupied 34.4%

💰 Estimated Monthly Budget

Rent median rent
$745
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,359/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
17.8 min
34% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
5.2%

Commute Mode

Drove alone
84.4%
Carpooled
9.3%
Public transit
0.6%
Walked
0.5%
Work from home
5.2%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 5.0%
Total Sales Tax 8.7%
State rate 6.3%
Avg local rate 2.5%
Property Tax 2.2%

💼 Income & Employment

Median Household Income
$48,733
35% below avg
Per Capita Income
$31,287
Unemployment Rate
5.5%
14% above avg
Poverty Rate
22.7%
Labor Force Participation
62.8%

🎓 Education

Bachelor's degree+ 10.8%
Graduate degree 4.2%

👥 Demographics

Median Age 39.9
Male median age 39.4
Female median age 40.3

Frequently Asked Questions

What is the cost of living in Rock Falls, IL?

Rock Falls has a cost index of 39 (100 = national average). It is 61% below the national average.

What is average rent in Rock Falls, IL?

The median gross rent in Rock Falls is $745 per month based on 2023 Census data.

What is the average home price in Rock Falls?

The median home value in Rock Falls is $82,400 according to Zillow and Census data.

What is the median income in Rock Falls?

The median household income in Rock Falls is $48,733 per year (2023 ACS 5-year estimates).

What is the sales tax in Rock Falls, IL?

The combined state and local sales tax rate in Rock Falls is 8.7%. The Illinois state income tax top rate is 5.0%.

Is Rock Falls, IL affordable?

Yes, Rock Falls is generally considered affordable, with a cost of living index of 39 — about 61% below the US national average of 100.

Rock Falls at a Glance

Population
8,683
Median Income
$48,733
Home Value
$82,400
Median Rent
$745/mo
Unemployment
5.5%
Sales Tax
8.7%
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🗺️ County data for Illinois

Explore county-level cost of living data

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