Cost of Living in Hennepin, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
107.1
100 = national avg
+7.1 vs national average
Living Wage (1 Adult)
$47,145
per year
Living Wage (Family of 4)
$111,433
per year
Cost Index by Category
Housing95.1
Food110.1
Transportation120.1
Healthcare108.1
Utilities105.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$851
per month
2 Bedroom
$937
per month
The overall cost of living index in Hennepin is 107.1, which is 7.1% above the national average. Housing costs are below the national average at an index of 95.1. A single adult needs to earn approximately $47,145 per year to cover basic expenses.