Cost of Living in Diamond, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
107.2
100 = national avg
+7.2 vs national average
Living Wage (1 Adult)
$47,174
per year
Living Wage (Family of 4)
$111,502
per year
Cost Index by Category
Housing129.5
Food95.9
Transportation91.7
Healthcare96.7
Utilities103.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,581
per month
2 Bedroom
$1,781
per month
The overall cost of living index in Diamond is 107.2, which is 7.2% above the national average. Housing costs are above the national average at an index of 129.5. A single adult needs to earn approximately $47,174 per year to cover basic expenses.