Cost of Living in Colp, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
49.3
100 = national avg
-50.7 vs national average
Living Wage (1 Adult)
$21,683
per year
Living Wage (Family of 4)
$51,251
per year
Cost Index by Category
Housing25.7
Food73.9
Transportation47.8
Healthcare79.1
Utilities69.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$790
per month
2 Bedroom
$1,037
per month
The overall cost of living index in Colp is 49.3, which is 50.7% below the national average. Housing costs are below the national average at an index of 25.7. A single adult needs to earn approximately $21,683 per year to cover basic expenses.