Cost of Living in Genoa, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
119.2
100 = national avg
+19.2 vs national average
Living Wage (1 Adult)
$52,463
per year
Living Wage (Family of 4)
$124,004
per year
Cost Index by Category
Housing126.4
Food110.6
Transportation121.3
Healthcare108.5
Utilities111.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,046
per month
2 Bedroom
$1,373
per month
The overall cost of living index in Genoa is 119.2, which is 19.2% above the national average. Housing costs are above the national average at an index of 126.4. A single adult needs to earn approximately $52,463 per year to cover basic expenses.