Woodridge, IL

Above Avg · 111

Illinois · Population 33,889 · Updated March 2026

$1,547
Median Rent / Month
$97,263
Median Income
$345,200
Median Home Value
$1,670
Owner Costs / Month

Affordability

How far your income goes in Woodridge

19.1%
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

$18,564
Annual Rent
$4,815
State Income Tax
$7,146
Property Tax (est.)

Cost of Living Overview

Woodridge is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 111 (where 100 equals the national median), Woodridge residents can expect to pay median rent of $1,547/month while earning a median household income of $97,263/year.

The median home value in Woodridge, IL is $345,200, with typical monthly owner costs around $1,670 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.1% 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 Woodridge.

Frequently Asked Questions

Common questions about living costs in Woodridge

What is the cost of living in Woodridge, IL?
The cost of living index in Woodridge, IL is 111 (US average = 100). Median monthly rent is $1,547, median household income is $97,263/year, and the median home value is $345,200.
Is Woodridge, IL affordable?
No, Woodridge is more expensive than the national average with a cost index of 111. The rent-to-income ratio is 19.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Woodridge, IL?
The median gross rent in Woodridge, IL is $1,547 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $18,564.
What is the median household income in Woodridge?
The median household income in Woodridge, IL is $97,263 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%.