Cost of Living in New Bedford, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
51.5
100 = national avg
-48.5 vs national average
Living Wage (1 Adult)
$22,666
per year
Living Wage (Family of 4)
$53,574
per year
Cost Index by Category
Housing42.6
Utilities82.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$789
per month
2 Bedroom
$1,035
per month
The overall cost of living index in New Bedford is 51.5, which is 48.5% below the national average. Housing costs are below the national average at an index of 42.6. A single adult needs to earn approximately $22,666 per year to cover basic expenses.