Cost of Living in Herrick, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
89.6
100 = national avg
-10.4 vs national average
Living Wage (1 Adult)
$39,437
per year
Living Wage (Family of 4)
$93,214
per year
Cost Index by Category
Housing84.2
Food94.9
Transportation89.8
Healthcare95.9
Utilities93.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$789
per month
2 Bedroom
$951
per month
The overall cost of living index in Herrick is 89.6, which is 10.4% below the national average. Housing costs are below the national average at an index of 84.2. A single adult needs to earn approximately $39,437 per year to cover basic expenses.