Cost of Living in Garrett, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
93.1
100 = national avg
-6.9 vs national average
Living Wage (1 Adult)
$40,943
per year
Living Wage (Family of 4)
$96,774
per year
Cost Index by Category
Housing76.1
Food102.1
Transportation104.3
Healthcare101.7
Utilities96.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$836
per month
2 Bedroom
$916
per month
The overall cost of living index in Garrett is 93.1, which is 6.9% below the national average. Housing costs are below the national average at an index of 76.1. A single adult needs to earn approximately $40,943 per year to cover basic expenses.