Cost of Living in Ferris, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
75.0
100 = national avg
-25.0 vs national average
Living Wage (1 Adult)
$33,006
per year
Living Wage (Family of 4)
$78,015
per year
Cost Index by Category
Housing47.9
Food89.2
Transportation104.6
Healthcare91.3
Utilities83.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$791
per month
2 Bedroom
$916
per month
The overall cost of living index in Ferris is 75.0, which is 25.0% below the national average. Housing costs are below the national average at an index of 47.9. A single adult needs to earn approximately $33,006 per year to cover basic expenses.