Woodstock, IL

Below Avg · 82

Illinois · Population 26,316 · Updated March 2026

$1,174
Median Rent / Month
$83,293
Median Income
$231,100
Median Home Value
$1,333
Owner Costs / Month

Affordability

How far your income goes in Woodstock

16.9%
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

$14,088
Annual Rent
$4,123
State Income Tax
$4,784
Property Tax (est.)

Cost of Living Overview

Woodstock is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 82 (where 100 equals the national median), Woodstock residents can expect to pay median rent of $1,174/month while earning a median household income of $83,293/year.

The median home value in Woodstock, IL is $231,100, with typical monthly owner costs around $1,333 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.9% 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 Woodstock.

Frequently Asked Questions

Common questions about living costs in Woodstock

What is the cost of living in Woodstock, IL?
The cost of living index in Woodstock, IL is 82 (US average = 100). Median monthly rent is $1,174, median household income is $83,293/year, and the median home value is $231,100.
Is Woodstock, IL affordable?
Yes, Woodstock is more affordable than the national average with a cost index of 82. The rent-to-income ratio is 16.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Woodstock, IL?
The median gross rent in Woodstock, IL is $1,174 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,088.
What is the median household income in Woodstock?
The median household income in Woodstock, IL is $83,293 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%.