Cost of Living in Edgewood, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
68.6
100 = national avg
-31.4 vs national average
Living Wage (1 Adult)
$30,205
per year
Living Wage (Family of 4)
$71,393
per year
Cost Index by Category
Housing58.0
Food82.2
Transportation64.5
Healthcare85.8
Utilities80.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$754
per month
2 Bedroom
$916
per month
The overall cost of living index in Edgewood is 68.6, which is 31.4% below the national average. Housing costs are below the national average at an index of 58.0. A single adult needs to earn approximately $30,205 per year to cover basic expenses.