Cost of Living in Mill Shoals, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
73.4
100 = national avg
-26.6 vs national average
Living Wage (1 Adult)
$32,297
per year
Living Wage (Family of 4)
$76,339
per year
Cost Index by Category
Housing34.5
Food94.7
Transportation105.0
Healthcare95.8
Utilities83.7
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 Mill Shoals is 73.4, which is 26.6% below the national average. Housing costs are below the national average at an index of 34.5. A single adult needs to earn approximately $32,297 per year to cover basic expenses.