Cost of Living in Hinckley, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
134.2
100 = national avg
+34.2 vs national average
Living Wage (1 Adult)
$59,059
per year
Living Wage (Family of 4)
$139,594
per year
Cost Index by Category
Housing162.7
Food112.4
Transportation124.8
Healthcare109.9
Utilities120.0
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 Hinckley is 134.2, which is 34.2% above the national average. Housing costs are above the national average at an index of 162.7. A single adult needs to earn approximately $59,059 per year to cover basic expenses.