Housing costs in Wood River?
A typical home costs
$101,300, which is 70.0% less expensive than the national average of
$338,100 and 58.1% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Wood River costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 40.0% cheaper than the state average of
$1,260.
Can I afford Wood River?
To live comfortably in Wood River, Illinois, a minimum annual income of
$19,440 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Wood River?
The cost of living in Wood River, IL is generally quite low compared to other parts of the country. The median home price in Wood River is just over $90,000, which is significantly lower than the state and national averages. Property taxes are also very reasonable in comparison, with residents paying only 1.5% on residential real estate. Groceries, transportation, and healthcare costs are all in line with the national average for most goods and services. Overall, Wood River is an affordable place to live where families can enjoy a quality of life without breaking the bank.