Cost of Living in Farmer City, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
93.6
100 = national avg
-6.4 vs national average
Living Wage (1 Adult)
$41,194
per year
Living Wage (Family of 4)
$97,368
per year
Cost Index by Category
Housing68.6
Food105.9
Transportation111.8
Healthcare104.7
Utilities97.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$790
per month
2 Bedroom
$1,036
per month
The overall cost of living index in Farmer City is 93.6, which is 6.4% below the national average. Housing costs are below the national average at an index of 68.6. A single adult needs to earn approximately $41,194 per year to cover basic expenses.