Cost of Living in Milton, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
91.9
100 = national avg
-8.1 vs national average
Living Wage (1 Adult)
$40,447
per year
Living Wage (Family of 4)
$95,601
per year
Cost Index by Category
Housing100.3
Food87.0
Transportation96.6
Healthcare89.6
Utilities92.2
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 Milton is 91.9, which is 8.1% below the national average. Housing costs are above the national average at an index of 100.3. A single adult needs to earn approximately $40,447 per year to cover basic expenses.