Cost of Living in Palatine, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
151.4
100 = national avg
+51.4 vs national average
Living Wage (1 Adult)
$66,624
per year
Living Wage (Family of 4)
$157,475
per year
Cost Index by Category
Housing193.3
Food123.3
Transportation120.8
Healthcare118.7
Utilities132.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,581
per month
2 Bedroom
$1,781
per month
The overall cost of living index in Palatine is 151.4, which is 51.4% above the national average. Housing costs are above the national average at an index of 193.3. A single adult needs to earn approximately $66,624 per year to cover basic expenses.