Cost of Living in Lincoln, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
85.0
100 = national avg
-15.0 vs national average
Living Wage (1 Adult)
$37,418
per year
Living Wage (Family of 4)
$88,442
per year
Cost Index by Category
Housing79.8
Food91.6
Transportation83.1
Healthcare93.3
Utilities90.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$782
per month
2 Bedroom
$988
per month
The overall cost of living index in Lincoln is 85.0, which is 15.0% below the national average. Housing costs are below the national average at an index of 79.8. A single adult needs to earn approximately $37,418 per year to cover basic expenses.