Cost of Living in Penfield, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
104.3
100 = national avg
+4.3 vs national average
Living Wage (1 Adult)
$45,904
per year
Living Wage (Family of 4)
$108,499
per year
Cost Index by Category
Housing58.2
Food122.3
Transportation144.5
Healthcare117.8
Utilities105.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$946
per month
2 Bedroom
$1,122
per month
The overall cost of living index in Penfield is 104.3, which is 4.3% above the national average. Housing costs are below the national average at an index of 58.2. A single adult needs to earn approximately $45,904 per year to cover basic expenses.