Cost of Living in Farmington, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
92.9
100 = national avg
-7.1 vs national average
Living Wage (1 Adult)
$40,892
per year
Living Wage (Family of 4)
$96,655
per year
Cost Index by Category
Housing82.9
Food99.2
Transportation98.3
Healthcare99.3
Utilities96.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$708
per month
2 Bedroom
$916
per month
The overall cost of living index in Farmington is 92.9, which is 7.1% below the national average. Housing costs are below the national average at an index of 82.9. A single adult needs to earn approximately $40,892 per year to cover basic expenses.