Woodford County, IL at a glance
Median household income
$91,483$7,624 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Woodford County, IL?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Woodford County, IL? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Peoria, IL MSA, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $758 | $9,096 | $30,320 | 9.9% |
| 1-Bedroom Apartment | $818 | $9,816 | $32,720 | 10.7% |
| 2-Bedroom ApartmentBenchmark | $1,039 | $12,468 | $41,560 | 13.6% |
| 3-Bedroom Home | $1,346 | $16,152 | $53,840 | 17.7% |
| 4-Bedroom Home | $1,449 | $17,388 | $57,960 | 19% |
Rent in Woodford County, IL, with the wage each unit needs →
What a typical income covers in Woodford County, IL
The 50/30/20 rule applied to the local median of $91,483 a year ($7,624 a month before tax).
What $91,483 leaves after Illinois taxes
Federal income tax, Social Security, Medicare and Illinois tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in Illinois
Living in Woodford County, IL: common questions
What is the median household income in Woodford County, IL?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Woodford County, IL is $91,483 per year (approximately $7,624 per month).
What is the average rent in Woodford County, IL?
The closest official figure is HUD's Fair Market Rent for 2026: $758 for a studio, $818 for one bedroom, $1,039 for two, $1,346 for three and $1,449 for four, utilities included.
It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.
Is Woodford County, IL expensive to live in?
Prices there run 8.8% below the U.S. average. BEA's regional price parity for the metro area is 91.2, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.
How much do you need to earn to comfortably afford rent in Woodford County, IL?
To keep a $1,039 two-bedroom under 30% of gross income, a household needs about $41,560 a year, or $3,463 a month. That is 45% of what the typical household in Woodford County, IL earns.
How much do you need to live comfortably in Woodford County, IL?
On the local median income of $91,483 ($7,624 a month before tax), the 50/30/20 rule leaves $3,812 a month for needs like rent, utilities and groceries, $2,287 for everything else and $1,525 for savings or debt. A two-bedroom at $1,039 takes 27% of the needs share.
How much is the electric bill in Woodford County, IL?
Homes in Illinois paid 19.9¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $179. Your bill depends mostly on heating and cooling.