Cost of Living in Marengo, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
115.0
100 = national avg
+15.0 vs national average
Living Wage (1 Adult)
$50,605
per year
Living Wage (Family of 4)
$119,612
per year
Cost Index by Category
Housing127.4
Food105.5
Transportation111.0
Healthcare104.4
Utilities108.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,581
per month
2 Bedroom
$1,781
per month
The overall cost of living index in Marengo is 115.0, which is 15.0% above the national average. Housing costs are above the national average at an index of 127.4. A single adult needs to earn approximately $50,605 per year to cover basic expenses.