Cost of Living in Newman, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
96.0
100 = national avg
-4.0 vs national average
Living Wage (1 Adult)
$42,242
per year
Living Wage (Family of 4)
$99,845
per year
Cost Index by Category
Housing74.3
Food106.2
Transportation112.4
Healthcare105.0
Utilities98.6
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 Newman is 96.0, which is 4.0% below the national average. Housing costs are below the national average at an index of 74.3. A single adult needs to earn approximately $42,242 per year to cover basic expenses.