Cost of Living in Homer, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
104.5
100 = national avg
+4.5 vs national average
Living Wage (1 Adult)
$45,985
per year
Living Wage (Family of 4)
$108,692
per year
Cost Index by Category
Housing93.0
Food108.0
Transportation115.9
Healthcare106.4
Utilities103.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$946
per month
2 Bedroom
$1,122
per month
The overall cost of living index in Homer is 104.5, which is 4.5% above the national average. Housing costs are below the national average at an index of 93.0. A single adult needs to earn approximately $45,985 per year to cover basic expenses.