Elmwood is located in Illinois and has an overall cost of living that is -10% compared to the national average. Understanding the full picture of living expenses — from housing and rent to grocery bills and healthcare — is essential when considering a move to Elmwood.

Housing: Median rent in Elmwood is $1,091 / month, and the median home price is $363,687. Housing costs are -32% compared to the national average, which significantly impacts monthly budgets.

Groceries: Daily essentials like bread ($4.09), milk ($4.74), and eggs ($4.68) reflect the local grocery landscape. Overall grocery costs are -0% vs the national average.

Healthcare: Medical costs include doctor visits ($170.75), dentist visits ($137.16), and prescription drugs ($24.72). These costs should be factored into your monthly budget when planning a move.

Illinois has a state income tax rate of 4.95%, which affects take-home pay for Elmwood residents.

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Elmwood, Illinois Cost of Living FAQ

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Elmwood, Illinois has an overall cost of living that is -10% the national average. Housing costs are -32% vs the national average. Grocery prices are -0% vs average. Utilities are +4% vs average. This makes Elmwood a reasonably affordable city.

The median rent in Elmwood, Illinois is $1,091 / month. Average energy bills run $228.27 / month. Phone bills average $203.65 / month. Housing is typically the largest expense for residents.

Healthcare costs in Elmwood: doctor's visit averages $170.75, dentist visit averages $137.16, prescription drugs average $24.72. Overall healthcare expenses in the area are influenced by the -0% grocery cost difference.

Elmwood is one of 377 cities tracked in Illinois. With an overall cost -10% vs the national average, it is more affordable than many other cities in the state. Visit our Illinois state page to compare all cities side-by-side and find the best fit for your budget.

Elmwood offers cost of living -10% compared to the national average. Key factors to consider: median home price of $363,687, rent of $1,091 / month, and a state income tax of 4.95% in Illinois. Explore our detailed cost breakdown above to see if Elmwood fits your budget.