Cost of Living in Cornell, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
91.1
100 = national avg
-8.9 vs national average
Living Wage (1 Adult)
$40,077
per year
Living Wage (Family of 4)
$94,728
per year
Cost Index by Category
Housing78.0
Food99.1
Transportation98.3
Healthcare99.3
Utilities95.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$776
per month
2 Bedroom
$1,018
per month
The overall cost of living index in Cornell is 91.1, which is 8.9% below the national average. Housing costs are below the national average at an index of 78.0. A single adult needs to earn approximately $40,077 per year to cover basic expenses.