Cost of Living in Danvers, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
107.4
100 = national avg
+7.4 vs national average
Living Wage (1 Adult)
$47,235
per year
Living Wage (Family of 4)
$111,647
per year
Cost Index by Category
Housing117.0
Food101.2
Transportation102.4
Healthcare100.9
Utilities104.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$999
per month
2 Bedroom
$1,302
per month
The overall cost of living index in Danvers is 107.4, which is 7.4% above the national average. Housing costs are above the national average at an index of 117.0. A single adult needs to earn approximately $47,235 per year to cover basic expenses.