Cost of Living in Mahomet, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
155.3
100 = national avg
+55.3 vs national average
Living Wage (1 Adult)
$68,316
per year
Living Wage (Family of 4)
$161,475
per year
Cost Index by Category
Housing158.4
Food137.8
Transportation175.6
Healthcare130.3
Utilities134.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$946
per month
2 Bedroom
$1,122
per month
The overall cost of living index in Mahomet is 155.3, which is 55.3% above the national average. Housing costs are above the national average at an index of 158.4. A single adult needs to earn approximately $68,316 per year to cover basic expenses.