Cost of Living in Montrose, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
75.5
100 = national avg
-24.5 vs national average
Living Wage (1 Adult)
$33,207
per year
Living Wage (Family of 4)
$78,489
per year
Cost Index by Category
Housing53.2
Food91.9
Transportation83.8
Healthcare93.5
Utilities85.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$754
per month
2 Bedroom
$916
per month
The overall cost of living index in Montrose is 75.5, which is 24.5% below the national average. Housing costs are below the national average at an index of 53.2. A single adult needs to earn approximately $33,207 per year to cover basic expenses.