Cost of Living in Iola, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
63.8
100 = national avg
-36.2 vs national average
Living Wage (1 Adult)
$28,087
per year
Living Wage (Family of 4)
$66,387
per year
Cost Index by Category
Housing39.8
Food84.4
Transportation68.8
Healthcare87.5
Utilities78.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$707
per month
2 Bedroom
$916
per month
The overall cost of living index in Iola is 63.8, which is 36.2% below the national average. Housing costs are below the national average at an index of 39.8. A single adult needs to earn approximately $28,087 per year to cover basic expenses.