Cost of Living in Wood Dale, IL

Population 13,926 · Illinois · Data vintage 2023

110
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 Wood Dale a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $303,000.

Wood Dale sits roughly 20 miles northwest of Chicago — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with Chicago's $315,000 median.

Cost Overview

Housing 99
Rent 126

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

About the Cost of Living in Wood Dale

The median home value in Wood Dale is $303,400 — 1% below the national median of $305,000. Median rent runs $1,652/month, 26% higher than the national median of $1,314/month. The median household income of $90,408/year is 21% higher than the US median of $74,580. The local unemployment rate is 4.9%, 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, Wood Dale has a cost of living index of 110 versus the US average of 100, meaning it is 10% more expensive.

🏠 Housing

Median Home Value
$303,400
1% below avg
Zillow Home Value
$339,514
Zillow ZHVI
Median Rent
$1,652/mo
26% above avg
Price-to-Rent Ratio
15.3x
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 76.6%
Renter-occupied 23.4%

💰 Estimated Monthly Budget

Rent median rent
$1,652
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,266/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
29.1 min
8% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
10.6%

Commute Mode

Drove alone
75.6%
Carpooled
10.5%
Public transit
1.2%
Walked
1.4%
Bicycle
0.6%
Work from home
10.6%

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
$90,408
21% above avg
Per Capita Income
$40,667
Unemployment Rate
4.9%
2% above avg
Poverty Rate
6.2%
Labor Force Participation
69.2%

🎓 Education

Bachelor's degree+ 17.4%
Graduate degree 6.9%

👥 Demographics

Median Age 42
Male median age 38.7
Female median age 46.3

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 53 — Moderate
40%
Good air days/yr
234
Max AQI recorded
264
PM2.5 days
101
Ozone days

Frequently Asked Questions

What is the cost of living in Wood Dale, IL?

Wood Dale has a cost index of 110 (100 = national average). It is 10% above the national average.

What is average rent in Wood Dale, IL?

The median gross rent in Wood Dale is $1,652 per month based on 2023 Census data.

What is the average home price in Wood Dale?

The median home value in Wood Dale is $303,400 according to Zillow and Census data.

What is the median income in Wood Dale?

The median household income in Wood Dale is $90,408 per year (2023 ACS 5-year estimates).

What is the sales tax in Wood Dale, IL?

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

Is Wood Dale, IL affordable?

Wood Dale is near the national average in terms of cost of living, with an index of 110 (100 = US average).

Wood Dale at a Glance

Population
13,926
Median Income
$90,408
Home Value
$303,400
Median Rent
$1,652/mo
Unemployment
4.9%
Sales Tax
8.7%
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🗺️ County data for Illinois

Explore county-level cost of living data

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