Cost of Living in Palmyra, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
72.8
100 = national avg
-27.2 vs national average
Living Wage (1 Adult)
$32,030
per year
Living Wage (Family of 4)
$75,706
per year
Cost Index by Category
Housing61.3
Food85.5
Transportation71.0
Healthcare88.4
Utilities83.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$698
per month
2 Bedroom
$916
per month
The overall cost of living index in Palmyra is 72.8, which is 27.2% below the national average. Housing costs are below the national average at an index of 61.3. A single adult needs to earn approximately $32,030 per year to cover basic expenses.