Cost of Living in Fairmount, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
88.2
100 = national avg
-11.8 vs national average
Living Wage (1 Adult)
$38,810
per year
Living Wage (Family of 4)
$91,733
per year
Cost Index by Category
Housing71.8
Food98.5
Transportation96.9
Healthcare98.8
Utilities93.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$742
per month
2 Bedroom
$974
per month
The overall cost of living index in Fairmount is 88.2, which is 11.8% below the national average. Housing costs are below the national average at an index of 71.8. A single adult needs to earn approximately $38,810 per year to cover basic expenses.