Cost of Living in Monroe Center, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
115.9
100 = national avg
+15.9 vs national average
Living Wage (1 Adult)
$50,992
per year
Living Wage (Family of 4)
$120,527
per year
Cost Index by Category
Housing94.9
Food120.0
Transportation140.0
Healthcare116.0
Utilities111.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$852
per month
2 Bedroom
$1,118
per month
The overall cost of living index in Monroe Center is 115.9, which is 15.9% above the national average. Housing costs are below the national average at an index of 94.9. A single adult needs to earn approximately $50,992 per year to cover basic expenses.