Cost of Living in Mounds, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
56.7
100 = national avg
-43.3 vs national average
Living Wage (1 Adult)
$24,949
per year
Living Wage (Family of 4)
$58,970
per year
Cost Index by Category
Housing53.0
Food70.9
Transportation41.8
Healthcare76.7
Utilities73.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$836
per month
2 Bedroom
$916
per month
The overall cost of living index in Mounds is 56.7, which is 43.3% below the national average. Housing costs are below the national average at an index of 53.0. A single adult needs to earn approximately $24,949 per year to cover basic expenses.