Salary & Cost of Living in Rockford, IL
Rockford, IL: $48,000 median salary, cost of living index 82, $15.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$48,000
$23/hr
Cost of Living
82
US avg = 100
Minimum Wage
$15.00
per hour
Unemployment
5.2%
rate
Rockford, IL Overview
Population
148,655
Median Salary
$48,000
Average Salary
$53,500
Avg Commute
22 min
Median Home Price
$130,000
Median Rent
$900/mo
Job Growth
+0.8%
Sales Tax
8.63%
Rockford is located in Illinois with a population of 148,655. The median household salary is $48,000 per year ($23/hour), which is $11,384 below the national median of $59,384. The average commute time is 22 minutes, and the city has a job growth rate of +0.8%.
Rockford Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Rockford, IL, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$38,231
$3,185.88/month · $1,470.40/biweekly · Effective Rate: 20.4%
Gross Pay
$48,000
Federal Tax
-$3,722
State Tax
-$2,376
Local Tax
$0
FICA
-$3,672
Net Pay
$38,231
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,000.00 | $48,000.00 |
| Federal Income Tax | -$310.13 | -$3,721.50 |
| Illinois State Tax (4.95%) | -$198.00 | -$2,376.00 |
| Social Security (6.2%) | -$248.00 | -$2,976.00 |
| Medicare (1.45%) | -$58.00 | -$696.00 |
| Net Take-Home Pay | $3,185.88 | $38,230.50 |
Salary Comparison: Rockford vs Other Cities
See how Rockford's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Rockford, IL | $48,000 | 82 | $58,537 |
| National Average | $59,384 | 100 | $59,384 |
| Decatur, AL | $48,000 | 84 | $57,143 |
| Springdale, AR | $48,000 | 86 | $55,814 |
| Pomona, CA | $48,000 | 115 | $41,739 |
| Pueblo, CO | $48,000 | 88 | $54,545 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Rockford
Rockford's cost of living index is 82 (national average = 100). Living in Rockford is 18% less expensive than the national average.
Median Home Price
$130,000
Median Monthly Rent
$900
Annual Rent Cost
$10,800
Your Salary's Purchasing Power
Your $38,231 annual take-home pay in Rockford has the purchasing power of approximately $46,623 in an average-cost US area. Your $48,000 salary stretches further here than in most US cities.
Top Industries in Rockford
Rockford's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $48,000.
Salary Tips for Rockford Workers
- Your salary goes further here. Rockford has a cost of living 18% below the national average. A salary of $48,000 here has the purchasing power of about $58,537 in an average-cost area.
- Research top industries. Rockford's top industries include Manufacturing, Healthcare, Aerospace. Targeting roles in these sectors can help you earn above the $48,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
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Frequently Asked Questions
What is the median salary in Rockford, IL?
The median salary in Rockford, IL is $48,000 per year, or $23 per hour. The average salary is $53,500. This is $11,384 below the national median of $59,384.
What is the cost of living in Rockford, IL?
Rockford's cost of living index is 82 (national average = 100), meaning it is 18% less expensive compared to the national average. The median home price is $130,000 and the median monthly rent is $900.
What are the best industries in Rockford?
The top industries in Rockford, IL include Manufacturing, Healthcare, Aerospace. The city has a job growth rate of 0.8% and an unemployment rate of 5.2%. Workers in these industries often earn above the city's median salary of $48,000.
How does Rockford's salary compare to other cities?
Rockford's median salary of $48,000 is 19.2% below the national median of $59,384. However, when adjusted for cost of living (index: 82), the real purchasing power is approximately $58,537.
What is the minimum wage in Rockford, IL?
The minimum wage in Rockford, IL is $15.00 per hour. This equals approximately $31,200 per year for a full-time worker (40 hours/week). This is $7.75 above the federal minimum wage of $7.25/hour.