Wood Dale, IL

Average · 109

Illinois · Population 13,926 · Updated March 2026

$1,652
Median Rent / Month
$90,408
Median Income
$303,400
Median Home Value
$1,640
Owner Costs / Month

Affordability

How far your income goes in Wood Dale

21.9%
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

$19,824
Annual Rent
$4,475
State Income Tax
$6,280
Property Tax (est.)

Cost of Living Overview

Wood Dale is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 109 (where 100 equals the national median), Wood Dale residents can expect to pay median rent of $1,652/month while earning a median household income of $90,408/year.

The median home value in Wood Dale, IL is $303,400, with typical monthly owner costs around $1,640 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.9% 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 Wood Dale.

Frequently Asked Questions

Common questions about living costs in Wood Dale

What is the cost of living in Wood Dale, IL?
The cost of living index in Wood Dale, IL is 109 (US average = 100). Median monthly rent is $1,652, median household income is $90,408/year, and the median home value is $303,400.
Is Wood Dale, IL affordable?
No, Wood Dale is more expensive than the national average with a cost index of 109. The rent-to-income ratio is 21.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Wood Dale, IL?
The median gross rent in Wood Dale, IL is $1,652 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,824.
What is the median household income in Wood Dale?
The median household income in Wood Dale, IL is $90,408 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%.