Town10,464 people

Wood River, IL

Discover how far your salary goes in Wood River. Compare taxes, rent, and living costs.

Cost Index
123
📈 Above Average
Population

10,464

State Tax

5.0%

1BR Rent

$1,386

/month

vs National

-1%

below avg

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Rent Prices in Wood River

🏠

Studio

$1,109

/month

$13,308/year

Most Common
🛏️

1 Bedroom

$1,386

/month

$16,632/year

🏡

2 Bedroom

$1,871

/month

$22,452/year

🏘️

3 Bedroom

$2,426

/month

$29,112/year

Taxes in Illinois

State Income Tax

Illinois

5.0%

For a $100k salary, that's ~$4,950/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Wood River, IL?

Wood River has a cost of living index of 123, which is 23% above the national average. A 1-bedroom apartment costs around $1,386/month.

What is the state income tax in Illinois?

Illinois has a state income tax rate of approximately 5.0%. This is in addition to federal income tax.

How much is rent in Wood River?

The median rent for a 1-bedroom apartment in Wood River is $1,386/month. For a 2-bedroom, expect to pay around $1,871/month. This is 1% below the national average.

Is Wood River a good place to live?

Wood River is a town with a population of 10,464. The cost of living is above average, making it more expensive than average for the US.

See the complete picture for Wood River

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