Cost of Living in Morrison, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
102.2
100 = national avg
+2.2 vs national average
Living Wage (1 Adult)
$44,978
per year
Living Wage (Family of 4)
$106,313
per year
Cost Index by Category
Housing102.0
Food101.7
Transportation103.3
Healthcare101.3
Utilities101.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$719
per month
2 Bedroom
$916
per month
The overall cost of living index in Morrison is 102.2, which is 2.2% above the national average. Housing costs are above the national average at an index of 102.0. A single adult needs to earn approximately $44,978 per year to cover basic expenses.