Cost of Living in Loami, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
85.8
100 = national avg
-14.2 vs national average
Living Wage (1 Adult)
$37,761
per year
Living Wage (Family of 4)
$89,253
per year
Cost Index by Category
Housing83.1
Food91.1
Transportation82.2
Healthcare92.9
Utilities91.3
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 Loami is 85.8, which is 14.2% below the national average. Housing costs are below the national average at an index of 83.1. A single adult needs to earn approximately $37,761 per year to cover basic expenses.