Cost of Living in Lake Carroll, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
159.5
100 = national avg
+59.5 vs national average
Living Wage (1 Adult)
$70,177
per year
Living Wage (Family of 4)
$165,873
per year
Cost Index by Category
Housing194.9
Food127.4
Transportation154.8
Healthcare121.9
Utilities135.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$752
per month
2 Bedroom
$916
per month
The overall cost of living index in Lake Carroll is 159.5, which is 59.5% above the national average. Housing costs are above the national average at an index of 194.9. A single adult needs to earn approximately $70,177 per year to cover basic expenses.