Cost of Living in Harvard, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
113.4
100 = national avg
+13.4 vs national average
Living Wage (1 Adult)
$49,894
per year
Living Wage (Family of 4)
$117,930
per year
Cost Index by Category
Housing125.2
Food104.6
Transportation109.2
Healthcare103.7
Utilities107.8
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 Harvard is 113.4, which is 13.4% above the national average. Housing costs are above the national average at an index of 125.2. A single adult needs to earn approximately $49,894 per year to cover basic expenses.