Cost of Living in Jerome, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
90.7
100 = national avg
-9.3 vs national average
Living Wage (1 Adult)
$39,915
per year
Living Wage (Family of 4)
$94,346
per year
Cost Index by Category
Housing92.6
Food92.6
Transportation85.3
Healthcare94.1
Utilities94.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$970
per month
2 Bedroom
$1,203
per month
The overall cost of living index in Jerome is 90.7, which is 9.3% below the national average. Housing costs are below the national average at an index of 92.6. A single adult needs to earn approximately $39,915 per year to cover basic expenses.