| Index | Wood Dale | Illinois | National |
| Cost of living | 112 | 98 | 100 |
| Groceries | 99 | 100 | 100 |
| Health care | 99 | 100 | 100 |
| Housing | 141 | 95 | 100 |
| Transportation | 98 | 101 | 100 |
| Utilities | 99 | 99 | 100 |
| Lifestyle & Entertainment | 98 | 100 | 100 |
| Household Items | 100 | 100 | 100 |
| Education & Childcare | 101 | 100 | 100 |
The cost of living in Wood Dale affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Wood Dale is 112, which is 12% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
When it comes to the cost of living in Wood Dale, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 40.9% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.
Is Wood Dale an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Wood Dale is 38.2% higher than the national average, while the average monthly rent prices are 47.2% higher than average. The affordability of any location can also be influenced by median income levels. Wood Dale has a median household income of $113,750, which is 39.9% higher than the national average.
Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Wood Dale, the utilities index stands at 0.8% lower than the national average.
Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday household expenses, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Wood Dale, the standard sales tax rate starts at 6.25%, and the income tax rates commence at 4.95%.
Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Wood Dale, healthcare costs are 1.1% lower than the national average.
The cost of living estimates displayed for Wood Dale are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $117,941 | $9,828 | $2,752 | $3,539 |
| Renters | $83,012 | $6,918 | $1,937 | $2,491 |
| State | General Sales Tax | With Max Surtax |
| Illinois | 6.25% | 10.25% |
| State | Income Tax (Low) | Income Tax (High) |
| Illinois | 4.95% | 4.95% |
| City | Population | Cost of Living Index | National Avg. |
| Hodgkins, IL | 1,817 | 83 | 16.9% |
| Maywood, IL | 23,986 | 96 | 3.6% |
| Broadview, IL | 7,841 | 99 | 0.9% |
| Bellwood, IL | 19,287 | 99 | 1.0% |
| Cicero, IL | 84,320 | 100 | 0.3% |
| Wood Dale, IL | 14,145 | 112 | 11.6% |
| City | Population | Cost of Living Index | National Avg. |
| Moberly, MO | 14,143 | 86 | 14.2% |
| Middlesex, NJ | 14,149 | 128 | 27.7% |
| Glenpool, OK | 14,140 | 93 | 6.6% |
| Allouez, WI | 14,152 | 96 | 4.1% |
| River Ridge, LA | 14,137 | 104 | 4.4% |
| Wood Dale, IL | 14,145 | 112 | 11.6% |
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