Cost of Living in Melvin, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
67.5
100 = national avg
-32.5 vs national average
Living Wage (1 Adult)
$29,720
per year
Living Wage (Family of 4)
$70,248
per year
Cost Index by Category
Housing68.2
Food76.8
Transportation53.5
Healthcare81.4
Utilities79.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$698
per month
2 Bedroom
$916
per month
The overall cost of living index in Melvin is 67.5, which is 32.5% below the national average. Housing costs are below the national average at an index of 68.2. A single adult needs to earn approximately $29,720 per year to cover basic expenses.