Cost of Living in Rockford, IL

Population 147,649 · Illinois · Data vintage 2023

53
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

The Rockford cost-of-living profile is closer to the US median than most headline-grabbing metros — typical homes around $121,000, rents near $954 a month. A poverty rate near 22% adds context to the income figures — well above the US average, and worth factoring into any comparison with cities on the coasts or in the Rockies.

Cost Overview

Housing 40
Rent 73

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

About the Cost of Living in Rockford

The median home value in Rockford is $120,900 — 60% below the national median of $305,000. Median rent runs $954/month, 27% lower than the national median of $1,314/month. The median household income of $53,328/year is 28% lower than the US median of $74,580. The local unemployment rate is 8.6%, 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, Rockford has a cost of living index of 53 versus the US average of 100, meaning it is 47% less expensive.

🏠 Housing

Median Home Value
$120,900
60% below avg
Zillow Home Value
$172,610
Zillow ZHVI
Median Rent
$954/mo
27% below avg
Zillow Rent
$1,150/mo
Zillow ZORI
Price-to-Rent Ratio
10.6x
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 53.8%
Renter-occupied 46.2%

💰 Estimated Monthly Budget

Rent median rent
$954
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,568/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
22.9 min
15% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
7.9%

Commute Mode

Drove alone
77.2%
Carpooled
11.0%
Public transit
1.0%
Walked
1.3%
Bicycle
0.2%
Work from home
7.9%

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
$53,328
28% below avg
Per Capita Income
$30,409
Unemployment Rate
8.6%
79% above avg
Poverty Rate
21.9%
Labor Force Participation
60.0%

🎓 Education

Bachelor's degree+ 14.9%
Graduate degree 8.4%

👥 Demographics

Median Age 37.5
Male median age 36
Female median age 38.9

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 52 — Moderate
45.8%
Good air days/yr
242
Max AQI recorded
265
PM2.5 days
100
Ozone days

Frequently Asked Questions

What is the cost of living in Rockford, IL?

Rockford has a cost index of 53 (100 = national average). It is 47% below the national average.

What is average rent in Rockford, IL?

The median gross rent in Rockford is $954 per month based on 2023 Census data.

What is the average home price in Rockford?

The median home value in Rockford is $120,900 according to Zillow and Census data.

What is the median income in Rockford?

The median household income in Rockford is $53,328 per year (2023 ACS 5-year estimates).

What is the sales tax in Rockford, IL?

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

Is Rockford, IL affordable?

Yes, Rockford is generally considered affordable, with a cost of living index of 53 — about 47% below the US national average of 100.