Cost of Living in Melrose Park, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
117.8
100 = national avg
+17.8 vs national average
Living Wage (1 Adult)
$51,816
per year
Living Wage (Family of 4)
$122,475
per year
Cost Index by Category
Housing149.3
Food99.5
Transportation99.0
Healthcare99.6
Utilities109.5
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 Melrose Park is 117.8, which is 17.8% above the national average. Housing costs are above the national average at an index of 149.3. A single adult needs to earn approximately $51,816 per year to cover basic expenses.