Cost of Living in Algonquin, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
185.5
100 = national avg
+85.5 vs national average
Living Wage (1 Adult)
$81,637
per year
Living Wage (Family of 4)
$192,959
per year
Cost Index by Category
Housing209.2
Food150.7
Transportation201.4
Healthcare140.6
Utilities152.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,581
per month
2 Bedroom
$1,781
per month
The overall cost of living index in Algonquin is 185.5, which is 85.5% above the national average. Housing costs are above the national average at an index of 209.2. A single adult needs to earn approximately $81,637 per year to cover basic expenses.