Cost of Living in Monmouth, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
81.1
100 = national avg
-18.9 vs national average
Living Wage (1 Adult)
$35,686
per year
Living Wage (Family of 4)
$84,349
per year
Cost Index by Category
Housing65.0
Food95.6
Transportation77.6
Healthcare96.5
Utilities90.4
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 Monmouth is 81.1, which is 18.9% below the national average. Housing costs are below the national average at an index of 65.0. A single adult needs to earn approximately $35,686 per year to cover basic expenses.