Cost of Living in Panola, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
114.5
100 = national avg
+14.5 vs national average
Living Wage (1 Adult)
$50,374
per year
Living Wage (Family of 4)
$119,066
per year
Cost Index by Category
Housing110.0
Food110.2
Transportation131.9
Healthcare108.2
Utilities108.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$818
per month
2 Bedroom
$1,039
per month
The overall cost of living index in Panola is 114.5, which is 14.5% above the national average. Housing costs are above the national average at an index of 110.0. A single adult needs to earn approximately $50,374 per year to cover basic expenses.