Cost of Living in New Minden, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
104.3
100 = national avg
+4.3 vs national average
Living Wage (1 Adult)
$45,898
per year
Living Wage (Family of 4)
$108,487
per year
Cost Index by Category
Housing78.0
Food114.0
Transportation128.0
Healthcare111.2
Utilities104.0
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 New Minden is 104.3, which is 4.3% above the national average. Housing costs are below the national average at an index of 78.0. A single adult needs to earn approximately $45,898 per year to cover basic expenses.