Cost of Living in Franklin Park, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
124.8
100 = national avg
+24.8 vs national average
Living Wage (1 Adult)
$54,917
per year
Living Wage (Family of 4)
$129,804
per year
Cost Index by Category
Housing147.6
Food108.1
Transportation116.2
Healthcare106.5
Utilities114.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,581
per month
2 Bedroom
$1,781
per month
The overall cost of living index in Franklin Park is 124.8, which is 24.8% above the national average. Housing costs are above the national average at an index of 147.6. A single adult needs to earn approximately $54,917 per year to cover basic expenses.