Retirement Savings Calculator for Rockford, IL
Updated 2026 · Local data pre-filled
The median household income in Rockford is $51,000. With a cost of living index of 83, your retirement needs will be lower than average. Planners generally recommend saving 10–15% of income; at Rockford's median income that's $6,120–$7,650 per year.
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How Rockford Compares to the National Average
Understanding how Rockford stacks up helps you calibrate your financial planning.
| Metric | Rockford, IL | US Average | Difference |
|---|---|---|---|
| Median Home Price | $145,000 | $420,800 | -65.5% |
| Median Monthly Rent | $780 | $1,713 | -54.5% |
| Median Household Income | $51,000 | $74,580 | -31.6% |
| Property Tax Rate | 2.20% | 1.10% | +100.0% |
| Cost of Living Index | 83 | 100 | -17.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Rockford Financial Snapshot
- Population (Metro)
- 345,000
- Unemployment
- 5.6%
- Avg Commute
- 20 min
- Median Age
- 36.1
- Price-to-Rent Ratio
- 15.5x
- Annual Property Tax
- $3,190
Frequently Asked Questions — Rockford
What is the median home price in Rockford, IL?
The median home price in Rockford is $145,000 as of 2025–2026. This is below the national median of $420,800.
What is the average rent in Rockford?
Median monthly rent in Rockford is $780. That works out to $9,360/year, or 18% of the median household income — within the commonly recommended 30% of income guideline.
Is Rockford affordable?
Rockford's cost of living index is 83 vs. the national average of 100. With a median household income of $51,000/year and a median home price of $145,000, the price-to-income ratio is 2.8x. Rockford remains relatively affordable compared to many US metros.
What is the property tax rate in Rockford?
The effective property tax rate in Rockford is 2.20% of assessed value. On the median home of $145,000, that's roughly $3,190/year ($266/month).