Cost of Living in Freeport, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
78.0
100 = national avg
-22.0 vs national average
Living Wage (1 Adult)
$34,324
per year
Living Wage (Family of 4)
$81,130
per year
Cost Index by Category
Housing74.0
Food86.8
Transportation69.5
Healthcare89.5
Utilities86.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$698
per month
2 Bedroom
$916
per month
The overall cost of living index in Freeport is 78.0, which is 22.0% below the national average. Housing costs are below the national average at an index of 74.0. A single adult needs to earn approximately $34,324 per year to cover basic expenses.