| Index | Woodridge | Illinois | National |
| Cost of living | 114 | 98 | 100 |
| Groceries | 98 | 100 | 100 |
| Health care | 102 | 100 | 100 |
| Housing | 151 | 95 | 100 |
| Transportation | 98 | 101 | 100 |
| Utilities | 99 | 99 | 100 |
| Lifestyle & Entertainment | 97 | 100 | 100 |
| Household Items | 98 | 100 | 100 |
| Education & Childcare | 102 | 100 | 100 |
Knowing the cost of living in Woodridge allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Woodridge stands at 114, marking it 14% higher than the national average.
Housing costs are a major factor in the Woodridge cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 50.7% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.
The most insightful perspective on a city comes from its residents. We recently surveyed 8 locals to gauge their perception of the cost of living in Woodridge. The feedback revealed that 0% of respondents found the cost of living to be reasonable, with prices on the decline, while 100% regarded it as notably expensive with prices that continue to rise.
Is Woodridge affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Woodridge, the median home price is 53.3% higher than the national average and monthly rent prices are 44.4% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Woodridge boasting a median household income of $133,829, 64.5% higher than the national average.
Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Woodridge comes in at 1.1% 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 Woodridge, the standard sales tax rate starts at 6.25%, and the income tax rates commence at 4.95%.
Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Woodridge, the groceries index is 2.1% lower than the national average.
The cost of living data for Woodridge shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $160,997 | $13,416 | $3,756 | $4,830 |
| Renters | $86,658 | $7,222 | $2,022 | $2,600 |
| 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% |
| Ingalls Park, IL | 3,100 | 92 | 7.6% |
| Fairmont, IL | 2,777 | 94 | 6.0% |
| Maywood, IL | 23,986 | 96 | 3.6% |
| Chicago Ridge, IL | 14,340 | 99 | 1.3% |
| Woodridge, IL | 34,713 | 114 | 14.4% |
| City | Population | Cost of Living Index | National Avg. |
| Valparaiso, IN | 34,723 | 98 | 2.0% |
| Deer Park, TX | 34,681 | 102 | 1.7% |
| Spanaway, WA | 34,750 | 120 | 20.1% |
| Seaside, CA | 34,761 | 158 | 58.4% |
| University Place, WA | 34,663 | 132 | 31.8% |
| Woodridge, IL | 34,713 | 114 | 14.4% |
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