Cost of Living in Rockford, IL

With a cost of living index of 70, Rockford, IL is one of the most affordable cities in the country. Living here is 30% cheaper than the national average and 9% below the Illinois state average of 80. As a major city with a population of 147,649, Rockford offers a wide range of housing options, employment opportunities, and urban amenities.

Housing costs are the biggest factor in Rockford's cost of living. The median monthly rent is $954 (28% below the US median of $1,319), and the median home value sits at $120,900 (60% below the national median of $304,900). At current prices, the median home costs roughly 2.3x the median household income — well within traditional affordability guidelines.

The median household income in Rockford is $53,328, which is 29% lower than the national median of $75,149. Residents spend roughly 21% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Rockford. The area sees an average annual temperature of 49.4°F, with summers averaging 72°F and winters around 25°F. Annual rainfall totals 37.2 inches spread over roughly 121 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Rockford, IL (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.