Cost of Living in Palos Park, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
221.3
100 = national avg
+121.3 vs national average
Living Wage (1 Adult)
$97,379
per year
Living Wage (Family of 4)
$230,170
per year
Cost Index by Category
Housing316.0
Food146.5
Transportation193.0
Healthcare137.2
Utilities171.1
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 Palos Park is 221.3, which is 121.3% above the national average. Housing costs are above the national average at an index of 316.0. A single adult needs to earn approximately $97,379 per year to cover basic expenses.