Cost of Living in Alma, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
68.4
100 = national avg
-31.6 vs national average
Living Wage (1 Adult)
$30,105
per year
Living Wage (Family of 4)
$71,157
per year
Cost Index by Category
Housing42.1
Food88.6
Transportation77.2
Healthcare90.9
Utilities81.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$769
per month
2 Bedroom
$916
per month
The overall cost of living index in Alma is 68.4, which is 31.6% below the national average. Housing costs are below the national average at an index of 42.1. A single adult needs to earn approximately $30,105 per year to cover basic expenses.