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Cost of Living in Woodstock, IL

Population 26,147 · Census ACS 2020–2024 5-year estimates

Median rent$1,212
Median home value$245,700
Median household income$82,758

The median rent in Woodstock, IL is $1,212/month, 5% lower than the Illinois median and 14% lower than the U.S. median. The median home value is $245,700, 26% lower than the national median. Households earn a median of $82,758 a year, about the same as the state median.

Affordability

Rent as a share of median income: 17.6%
Income needed for median rent (30% rule): $48,480/yr
Home price-to-income ratio: 3.0×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,242/mo

Run your own numbers: mortgage calculator · hourly to salary

Woodstock vs. Illinois vs. U.S.

WoodstockIllinoisU.S.
Median rent$1,212$1,274$1,413
Median home value$245,700$263,300$332,700
Median household income$82,758$83,390$80,734
Homeownership rate71.8%67.1%65.2%
Bachelor's degree or higher30.6%37.8%35.7%
Poverty rate6.0%11.8%12.5%
Unemployment rate3.3%5.8%5.2%
Work from home12.0%15.9%15.1%
Median age39.739.038.9

FAQ

What is the average rent in Woodstock, IL?

The median gross rent in Woodstock, IL is $1,212 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Woodstock, IL?

Using the common 30% rule, renting a median-priced home takes about $48,480 a year in gross income.

Is Woodstock, IL expensive to live in?

Rent there is 14% lower than the U.S. median, and the median home costs about 3.0 times the median household income.

Other cities in Illinois

Chicago, ILRent $1,440 · Income $77,902Aurora, ILRent $1,596 · Income $93,633Naperville, ILRent $1,885 · Income $155,105Joliet, ILRent $1,276 · Income $92,201Rockford, ILRent $985 · Income $54,752Elgin, ILRent $1,361 · Income $90,282

Cities with a similar cost of living

Greer, SCRent $1,198 · Income $82,626Waukesha, WIRent $1,219 · Income $83,837Franklin, INRent $1,186 · Income $82,380Cartersville, GARent $1,229 · Income $84,437Allen Park, MIRent $1,246 · Income $81,655Bellevue, NERent $1,226 · Income $85,462

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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