Wood River, IL (62095) is a city with a population of approximately 10,000 people located in Madison County. The 2 Bedroom rent in Wood River is $880 which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Wood River is 93 versus 100 in the US. This suggests that the cost of living in Wood River is considerably lower than other areas. Local businesses include Amanda's Health Mart Pharmacy, Next Level Cleaners & Laundry, and Whitey's Ice Cream Parlor & Drive Inn. With such low rent and grocery costs, Wood River provides an attractive lifestyle at an affordable cost.
Wood River (zip 62095) has an unemployment rate of 5.4%. The US average is 6.0%.
Wood River (zip 62095) has seen the job market decrease by -6.8% over the last year. Future job growth over the next ten years is predicted to be 31.5%, which is lower than the US average of 33.5%.
Tax Rates for Wood River (zip 62095)
- The Sales Tax Rate for Wood River (zip 62095) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Wood River (zip 62095) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Wood River (zip 62095)
- The average income of a Wood River (zip 62095) resident is $30,488 a year. The US average is $37,638 a year.
- The Median household income of a Wood River (zip 62095) resident is $59,597 a year. The US average is $69,021 a year.