Cost of Living in Cherry Valley, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
114.0
100 = national avg
+14.0 vs national average
Living Wage (1 Adult)
$50,167
per year
Living Wage (Family of 4)
$118,576
per year
Cost Index by Category
Housing120.7
Food107.1
Transportation114.3
Healthcare105.7
Utilities108.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$895
per month
2 Bedroom
$1,175
per month
The overall cost of living index in Cherry Valley is 114.0, which is 14.0% above the national average. Housing costs are above the national average at an index of 120.7. A single adult needs to earn approximately $50,167 per year to cover basic expenses.