Cost of Living in Hopewell, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
135.4
100 = national avg
+35.4 vs national average
Living Wage (1 Adult)
$59,593
per year
Living Wage (Family of 4)
$140,857
per year
Cost Index by Category
Housing130.2
Food130.3
Transportation142.9
Healthcare124.2
Utilities124.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$818
per month
2 Bedroom
$1,039
per month
The overall cost of living index in Hopewell is 135.4, which is 35.4% above the national average. Housing costs are above the national average at an index of 130.2. A single adult needs to earn approximately $59,593 per year to cover basic expenses.