Cost of Living in Inverness, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
304.7
100 = national avg
+204.7 vs national average
Living Wage (1 Adult)
$134,065
per year
Living Wage (Family of 4)
$316,882
per year
Cost Index by Category
Housing390.1
Food200.0
Transportation329.9
Healthcare192.0
Utilities200.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,581
per month
2 Bedroom
$1,781
per month
The overall cost of living index in Inverness is 304.7, which is 204.7% above the national average. Housing costs are above the national average at an index of 390.1. A single adult needs to earn approximately $134,065 per year to cover basic expenses.