Cost of Living in Concord, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
74.0
100 = national avg
-26.0 vs national average
Living Wage (1 Adult)
$32,554
per year
Living Wage (Family of 4)
$76,946
per year
Cost Index by Category
Housing68.6
Food83.8
Transportation67.6
Healthcare87.1
Utilities84.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$698
per month
2 Bedroom
$916
per month
The overall cost of living index in Concord is 74.0, which is 26.0% below the national average. Housing costs are below the national average at an index of 68.6. A single adult needs to earn approximately $32,554 per year to cover basic expenses.