States › Illinois › Wilmington

Is Wilmington, IL expensive to live in?

OKRent takes 22 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,32924% lower than U.S. average
💵 Families earn per year (2026)$71,347about $5,946/month · 18% lower than U.S. average
🔑 House price$223,80033% lower than U.S. average

Rent is lower than in 67% of U.S. cities. A typical house costs about 3.1 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $53,160 a year. That is $26 an hour at a full-time job.

Is rent cheaper than other Illinois cities?

Yes. Rent here is cheaper than in most of Illinois. It is number 127 of 334 cities from cheapest to most expensive.

Wilmington
$1,329
Genoa
$1,040
Northfield
$2,304
Carlinville
$911
Spring Valley
$1,012
Candlewick Lake
$1,681
Lake Barrington
$3,500+

How much do households earn in Wilmington?

Under $25k
16.0%
$25k–50k
24.5%
$50k–100k
31.7%
$100k–150k
18.6%
$150k+
3.3%

Share of households by yearly income. 21.9% of households earn $100,000 or more.

Rent by apartment size in Wilmington

SizeWilmingtonU.S. average
1 bedroom$848$1,324
2 bedrooms$1,167$1,509

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Wilmington overall?

Everyday prices in Illinois overall are same as the U.S. average (index 100.0, U.S. = 100).

Housing
94
Goods (food, clothes…)
104
Utilities
85
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Wilmington, so the Illinois figure is shown.

Taxes and bills in Wilmington

🏛️ Property tax$4,423a year · 1.98% of home value · U.S. $3,119
⚡ Electric bill$115a month (typical) · U.S. $156

Life in Wilmington

Commute to work23.6 minU.S.: 26.4 min
College degree19.8%U.S.: 35.7%
Own their home64.4%U.S.: 65.2%
Below poverty line11.5%U.S.: 12.5%
Unemployment4.7%U.S.: 5.2%

Is it cheaper to rent or buy in Wilmington?

Renting is cheaper right now: about $224 a month less.

Renting
$1,329
Owning
$1,553

Owning assumes a typical $223,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $22,380 for the down payment.

Frequently asked questions

What is the average rent in Wilmington, IL?

Renting in Wilmington costs a median of about $1,329 a month in 2026, including utilities. The Illinois median is $1,517.

How much do I need to make to live in Wilmington?

To keep rent under 30% of income, you need about $53,160 a year, or $26 an hour at a full-time job.

Is Wilmington cheap or expensive?

Wilmington is rated OK: rent takes 22.4% of the typical household income of $71,347. It ranks 127th cheapest of 334 Illinois cities we track.

How much are property taxes in Wilmington?

The median homeowner in Wilmington pays $4,423 a year in property taxes, about 1.98% of the median home value.

Is Wilmington more expensive than the national average?

Overall prices in Illinois are same as the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Wilmington?

The median home value in Wilmington is $223,800, about 3.1 times the typical yearly household income.

5,494 people live in Wilmington. Numbers are typical (middle) values.