Cost of Living in Olmsted, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
71.1
100 = national avg
-28.9 vs national average
Living Wage (1 Adult)
$31,271
per year
Living Wage (Family of 4)
$73,914
per year
Cost Index by Category
Housing78.9
Food76.3
Transportation52.5
Healthcare81.0
Utilities81.5
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 Olmsted is 71.1, which is 28.9% below the national average. Housing costs are below the national average at an index of 78.9. A single adult needs to earn approximately $31,271 per year to cover basic expenses.