Wauconda, IL

Average · 96

Illinois · Population 14,010 · Updated March 2026

$1,304
Median Rent / Month
$112,438
Median Income
$268,300
Median Home Value
$1,668
Owner Costs / Month

Affordability

How far your income goes in Wauconda

13.9%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Illinois

State-level tax rates that affect your costs

4.95%
Income Tax (Top Rate)
6.25%
Sales Tax
2.07%
Property Tax Rate

Estimated Annual Costs

$15,648
Annual Rent
$5,566
State Income Tax
$5,554
Property Tax (est.)

Cost of Living Overview

Wauconda has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 96 (where 100 equals the national median), Wauconda residents can expect to pay median rent of $1,304/month while earning a median household income of $112,438/year.

The median home value in Wauconda, IL is $268,300, with typical monthly owner costs around $1,668 including mortgage, insurance, and taxes. The median rent-to-income ratio of 13.9% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Illinois has a moderate income tax rate of 4.95%. Combined with a 6.25% sales tax rate and 2.07% effective property tax rate, the overall tax environment is a factor in the total cost of living in Wauconda.

Frequently Asked Questions

Common questions about living costs in Wauconda

What is the cost of living in Wauconda, IL?
The cost of living index in Wauconda, IL is 96 (US average = 100). Median monthly rent is $1,304, median household income is $112,438/year, and the median home value is $268,300.
Is Wauconda, IL affordable?
Yes, Wauconda is more affordable than the national average with a cost index of 96. The rent-to-income ratio is 13.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Wauconda, IL?
The median gross rent in Wauconda, IL is $1,304 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,648.
What is the median household income in Wauconda?
The median household income in Wauconda, IL is $112,438 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Illinois?
Illinois has a top income tax rate of 4.95%, a sales tax of 6.25%, and an effective property tax rate of 2.07%.