Wood River, IL Cost Of Living
Cost Of Living In Wood River, IL Summary
Cost of living in Wood River research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Wood River is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Illinois, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Wood River is 83, with 100 being the average.
The cost of living index in Wood River is 0.8x lower than the national average.
Wood River ranks as the #29 cheapest in Illinois out of 336.
Wood River ranks as the #306 cheapest out of 6,489 in the US.
The median home value in Wood River is $126,648.
The median income in Wood River is $65,960.
Table Of Contents
Wood River's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Wood River, IL?
According to the most recent data on the cost of living, Wood River has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Illinois, Wood River has a cost of living index that's 0.9x lower than Illinois's index of 97.
The standard of living in Wood River ranks as #29 most affordable out of the 336 places we measured in Illinois. By definition, that implies Wood River ranks as the #307 most expensive place in the Prairie State.
For more reading on life in Wood River, check out:
In Illinois
In America
Wood River Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Wood River. Here is how it fairs on each of the criteria:
The Services index in Wood River is 93.
The Groceries index in Wood River is 98.
The Health index in Wood River is 89.
The Housing index in Wood River is 57.
The Transportation index in Wood River is 93.
The Utilities index in Wood River is 103.
| Living Expense | Wood River | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 83 | 97 | 100 | |
| Services | 93 | 95 | 100 | |
| Groceries | 98 | 99 | 100 | |
| Health | 89 | 93 | 100 | |
| Housing | 57 | 95 | 100 | |
| Transportation | 93 | 102 | 100 | |
| Utilities | 103 | 91 | 100 | |
Wood River, IL Housing Cost Breakdown
Housing swings affordability the most between places in Illinois, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Wood River is $126,648.
The Median Rent in Wood River is $915.
The Median Income in Wood River is $65,960.
The Home Value To Income in Wood River is 1.9x.
The Rent To Monthly Income in Wood River is 0.17x.
| Statistic | Wood River | Illinois | United States |
|---|---|---|---|
| Median Home Value | $126,648 | $283,508 | $303,400 |
| Median Rent | $915 | $1,227 | $1,348 |
| Median Income | $65,960 | $81,702 | $78,538 |
| Home Value To Income | 1.9x | 3.5x | 3.9x |
| Rent To Monthly Income | 0.17x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Wood River, IL Costs By Category
Detailed Wood River Services Costs Vs. Illinois
| Item | Wood River | Illinois |
|---|---|---|
| Shampoo | $1.11 | $1.28 |
| Movie | $11.28 | $12.13 |
| Bowling | $16.92 | $18 |
| Haircut | $21.19 | $24.26 |
| Beauty Salon | $40.57 | $45.56 |
Detailed Wood River Groceries Costs Vs. Illinois
| Item | Wood River | Illinois |
|---|---|---|
| Ground Beef | $6.4 | $5.84 |
| Fried Chicken | $1.36 | $1.57 |
| Milk | $4.5 | $4.67 |
| Potatoes | $5.28 | $4.93 |
| Pizza | $10.84 | $12.09 |
| Beer | $9.47 | $10.41 |
| Toothpaste | $3.75 | $3.7 |
Detailed Wood River Health Costs Vs. Illinois
| Item | Wood River | Illinois |
|---|---|---|
| Optometrist | $125.72 | $125.68 |
| Doctor | $124.51 | $135.78 |
| Dentist | $100.78 | $113.29 |
Detailed Wood River Transportation Costs Vs. Illinois
| Item | Wood River | Illinois |
|---|---|---|
| Gasoline | $3.2 | $3.46 |
| Tire Balancing | $50.0 | $59.92 |
Detailed Wood River Utilities Costs Vs. Illinois
| Item | Wood River | Illinois |
|---|---|---|
| All Electricity | $133.84 | $193.99 |
| Phone | $188.69 | $192.25 |
Wood River SnackAbility
/10
Cost Of Living In Cities Around Wood River
The cost of living varies in the cities and towns around Wood River. Here's a quick look at the cost of living in the most populous nearby places:
Edwardsville, IL has a cost of living index of 100, 1.2x Wood River.
Alton, IL has a cost of living index of 83, 1.0x Wood River.
Collinsville, IL has a cost of living index of 89, 1.1x Wood River.
| City | Population | Cost Of Living | Vs. Wood River |
|---|---|---|---|
| Edwardsville, IL | 26,543 | 100 | 1.2x |
| Alton, IL | 25,430 | 83 | 1.0x |
| Collinsville, IL | 24,126 | 89 | 1.1x |
| Old Jamestown, MO | 21,121 | 101 | 1.2x |
| Godfrey, IL | 17,743 | 94 | 1.1x |
| Fairview Heights, IL | 16,255 | 94 | 1.1x |
| Glen Carbon, IL | 13,521 | 102 | 1.2x |
| Troy, IL | 10,889 | 94 | 1.1x |
| Bethalto, IL | 9,244 | 89 | 1.1x |
| Maryville, IL | 8,280 | 99 | 1.2x |
