Cost of Living in Erie, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
108.3
100 = national avg
+8.3 vs national average
Living Wage (1 Adult)
$47,648
per year
Living Wage (Family of 4)
$112,622
per year
Cost Index by Category
Housing83.2
Food116.3
Transportation132.6
Healthcare113.0
Utilities106.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$719
per month
2 Bedroom
$916
per month
The overall cost of living index in Erie is 108.3, which is 8.3% above the national average. Housing costs are below the national average at an index of 83.2. A single adult needs to earn approximately $47,648 per year to cover basic expenses.