Cost of Living in Elizabeth, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
78.9
100 = national avg
-21.1 vs national average
Living Wage (1 Adult)
$34,738
per year
Living Wage (Family of 4)
$82,108
per year
Cost Index by Category
Housing76.0
Food86.3
Transportation72.6
Healthcare89.0
Utilities87.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$796
per month
2 Bedroom
$954
per month
The overall cost of living index in Elizabeth is 78.9, which is 21.1% below the national average. Housing costs are below the national average at an index of 76.0. A single adult needs to earn approximately $34,738 per year to cover basic expenses.