Cost of Living in Lake Summerset, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
142.2
100 = national avg
+42.2 vs national average
Living Wage (1 Adult)
$62,568
per year
Living Wage (Family of 4)
$147,889
per year
Cost Index by Category
Housing140.2
Food130.7
Transportation161.4
Healthcare124.6
Utilities126.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$698
per month
2 Bedroom
$916
per month
The overall cost of living index in Lake Summerset is 142.2, which is 42.2% above the national average. Housing costs are above the national average at an index of 140.2. A single adult needs to earn approximately $62,568 per year to cover basic expenses.