Wood Dale, IL Cost Of Living
Cost Of Living In Wood Dale, IL Summary
Cost of living in Wood Dale 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 Dale 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 Dale is 114, with 100 being the average.
The cost of living index in Wood Dale is 1.1x higher than the national average.
Wood Dale ranks as the #267 cheapest in Illinois out of 338.
Wood Dale ranks as the #4,427 cheapest out of 6,412 in the US.
The median home value in Wood Dale is $247,500.
The median income in Wood Dale is $80,079.
Table Of Contents
Wood Dale's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Wood Dale, IL?
According to the most recent data on the cost of living, Wood Dale has an overall cost of living index of 114, which is 1.1x higher than the national index of 100.
Compared to Illinois, Wood Dale has a cost of living index that's 1.2x higher than Illinois's index of 92.
The standard of living in Wood Dale ranks as #267 most affordable out of the 338 places we measured in Illinois. By definition, that implies Wood Dale ranks as the #71 most expensive place in the Prairie State.
For more reading on life in Wood Dale, check out:
- Living In Wood Dale
- Wood Dale Crime Report
- Search Homes For Sale In Wood Dale, IL
In Illinois
In America
Wood Dale Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Wood Dale. Here is how it fairs on each of the criteria:
The Services index in Wood Dale is 115.
The Groceries index in Wood Dale is 106.
The Health index in Wood Dale is 101.
The Housing index in Wood Dale is 122.
The Transportation index in Wood Dale is 116.
The Utilities index in Wood Dale is 92.
| Living Expense | Wood Dale | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 114 | 92 | 100 | |
| Services | 115 | 95 | 100 | |
| Groceries | 106 | 98 | 100 | |
| Health | 101 | 96 | 100 | |
| Housing | 122 | 81 | 100 | |
| Transportation | 116 | 105 | 100 | |
| Utilities | 92 | 90 | 100 | |
Wood Dale, 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 Dale is $247,500.
The Median Rent in Wood Dale is $1,550.
The Median Income in Wood Dale is $80,079.
The Home Value To Income in Wood Dale is 3.1x.
The Rent To Monthly Income in Wood Dale is 0.23x.
| Statistic | Wood Dale | Illinois | United States |
|---|---|---|---|
| Median Home Value | $247,500 | $212,600 | $244,900 |
| Median Rent | $1,550 | $1,097 | $1,163 |
| Median Income | $80,079 | $72,563 | $69,021 |
| Home Value To Income | 3.1x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Wood Dale, IL Costs By Category
Detailed Wood Dale Services Costs Vs. Illinois
Detailed Wood Dale Groceries Costs Vs. Illinois
Detailed Wood Dale Health Costs Vs. Illinois
Detailed Wood Dale Transportation Costs Vs. Illinois
Detailed Wood Dale Utilities Costs Vs. Illinois
Wood Dale SnackAbility
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Cost Of Living In Cities Around Wood Dale
The cost of living varies in the cities and towns around Wood Dale. Here's a quick look at the cost of living in the most populous nearby places:
Glenview, IL has a cost of living index of 147, 1.3x Wood Dale.
Elmhurst, IL has a cost of living index of 131, 1.1x Wood Dale.
Buffalo Grove, IL has a cost of living index of 121, 1.1x Wood Dale.
| City | Population | Cost Of Living | Vs. Wood Dale |
|---|---|---|---|
| Glenview, IL | 48,150 | 147 | 1.3x |
| Elmhurst, IL | 45,661 | 131 | 1.1x |
| Buffalo Grove, IL | 43,062 | 121 | 1.1x |
| Park Ridge, IL | 39,562 | 131 | 1.1x |
| Addison, IL | 35,999 | 111 | 1.0x |
| Northbrook, IL | 35,108 | 156 | 1.4x |
| Highland Park, IL | 30,245 | 152 | 1.3x |
| Wilmette, IL | 27,895 | 166 | 1.5x |
| Roselle, IL | 23,000 | 113 | 1.0x |
| Villa Park, IL | 22,755 | 110 | 1.0x |
