Wood River, IL Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

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 82, 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 #28 cheapest in Illinois out of 338.

  • Wood River ranks as the #377 cheapest out of 6,412 in the US.

  • The median home value in Wood River is $91,100.

  • The median income in Wood River is $58,065.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
82
Wood River's Overall Cost Of Living
0.8x
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 82, 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 92.

The standard of living in Wood River ranks as #28 most affordable out of the 338 places we measured in Illinois. By definition, that implies Wood River ranks as the #310 most expensive place in the Prairie State.

For more reading on life in Wood River, check out:

28 out of 338
In Illinois
377 out of 6,412
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 91.

  • The Groceries index in Wood River is 100.

  • The Health index in Wood River is 90.

  • The Housing index in Wood River is 55.

  • The Transportation index in Wood River is 89.

  • The Utilities index in Wood River is 95.

Living Expense Wood River Illinois National Average
Overall 82 92 100
Services 91 95 100
Groceries 100 98 100
Health 90 96 100
Housing 55 81 100
Transportation 89 105 100
Utilities 95 90 100
For more reading on cost of living around Illinois, check out:
Wood River Cost of Living Vs. IL

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 2017-2021. The key points are:

  • The Median Home Value in Wood River is $91,100.

  • The Median Rent in Wood River is $810.

  • The Median Income in Wood River is $58,065.

  • The Home Value To Income in Wood River is 1.6x.

  • The Rent To Monthly Income in Wood River is 0.17x.

Statistic Wood River Illinois United States
Median Home Value $91,100 $212,600 $244,900
Median Rent $810 $1,097 $1,163
Median Income $58,065 $72,563 $69,021
Home Value To Income 1.6x 2.9x 3.5x
Rent To Monthly Income 0.17x 0.18x 0.2x
Search Homes For Sale In Wood River, IL
$91,100
Median Home Value
$810
Median Rent
$58,065
Median Income

Wood River, IL Costs By Category

Detailed Wood River Services Costs Vs. Illinois

Item Wood River Illinois
Shampoo $1.1 $1.06
Movie $9.81 $10.68
Bowling $15.64 $14.67
Haircut $17.58 $18.62
Beauty Salon $38.54 $39.05

Detailed Wood River Groceries Costs Vs. Illinois

Item Wood River Illinois
Ground Beef $4.13 $4.22
Fried Chicken $1.67 $1.39
Milk $1.86 $2.05
Potatoes $2.98 $3.29
Pizza $9.9 $10.62
Beer $9.38 $9.38
Toothpaste $2.36 $2.34

Detailed Wood River Health Costs Vs. Illinois

Item Wood River Illinois
Optometrist $76.71 $108.57
Doctor $75.53 $116.17
Dentist $98.39 $99.13

Detailed Wood River Transportation Costs Vs. Illinois

Item Wood River Illinois
Gasoline $2.03 $2.22
Tire Balancing $41.83 $50.07

Detailed Wood River Utilities Costs Vs. Illinois

Item Wood River Illinois
All Electricity $149.35 $167.67
Phone $193.9 $175.64

Wood River SnackAbility

5
/10
Overall SnackAbility
Jobs
6/10
Housing
5
Affordability
8.5
Diversity
5
Safety
N/A
Amenities
8
Education
6
Commute
7

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:

  • Alton, IL has a cost of living index of 83, 1.0x Wood River.

  • Edwardsville, IL has a cost of living index of 98, 1.2x Wood River.

  • Collinsville, IL has a cost of living index of 90, 1.1x Wood River.

City Population Cost Of Living Vs. Wood River
Alton, IL 25,902 83 1.0x
Edwardsville, IL 25,236 98 1.2x
Collinsville, IL 24,627 90 1.1x
Old Jamestown, MO 20,382 98 1.2x
Godfrey, IL 17,812 90 1.1x
Fairview Heights, IL 16,601 87 1.1x
Glen Carbon, IL 13,532 97 1.2x
Troy, IL 10,858 90 1.1x
Bethalto, IL 9,414 86 1.0x
Maryville, IL 8,115 98 1.2x

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