Cost of Living in Rockford, IL
Population: 147,649 • 2026 Data
$53,328
Median Household Income
-31% vs national
$954
Median Monthly Rent
-29% vs national
$120,900
Median Home Value
-64% vs national
8.6%
Unemployment Rate
Housing in Rockford
The median home value in Rockford, IL is $120,900. Monthly rent for a typical unit averages $954, while total monthly housing costs (including utilities and insurance) average $947.
Rent-to-income ratio: 21.5%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Rockford, IL is $53,328. The unemployment rate stands at 8.6%, with a labor force of 69,339 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.