Cost of Living in Wood River, IL
Population 10,315 · Illinois · Data vintage 2023
(100 = US avg)
Housing costs in Wood River stay well under national norms: a median home value of $103,000 against median household incomes of $65,960 gives the city one of the more comfortable price-to-income ratios in Illinois.
Geographically, Wood River sits roughly 20 miles northeast of St. Louis. Median home values run roughly 44% lower than St. Louis' $185,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Wood River
The median home value in Wood River is $103,200 — 66% below the national median of $305,000. Median rent runs $915/month, 30% lower than the national median of $1,314/month. The median household income of $65,960/year is 12% lower than the US median of $74,580. The local unemployment rate is 5.0%, 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 River has a cost of living index of 48 versus the US average of 100, meaning it is 52% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Wood River, IL?
Wood River has a cost index of 48 (100 = national average). It is 52% below the national average.
What is average rent in Wood River, IL?
The median gross rent in Wood River is $915 per month based on 2023 Census data.
What is the average home price in Wood River?
The median home value in Wood River is $103,200 according to Zillow and Census data.
What is the median income in Wood River?
The median household income in Wood River is $65,960 per year (2023 ACS 5-year estimates).
What is the sales tax in Wood River, IL?
The combined state and local sales tax rate in Wood River is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Wood River, IL affordable?
Yes, Wood River is generally considered affordable, with a cost of living index of 48 — about 52% below the US national average of 100.
Wood River at a Glance
- Population
- 10,315
- Median Income
- $65,960
- Home Value
- $103,200
- Median Rent
- $915/mo
- Unemployment
- 5.0%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
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