Cost of Living in Ransom, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
95.3
100 = national avg
-4.7 vs national average
Living Wage (1 Adult)
$41,935
per year
Living Wage (Family of 4)
$99,119
per year
Cost Index by Category
Housing71.6
Food102.9
Transportation127.2
Healthcare102.3
Utilities96.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$822
per month
2 Bedroom
$1,079
per month
The overall cost of living index in Ransom is 95.3, which is 4.7% below the national average. Housing costs are below the national average at an index of 71.6. A single adult needs to earn approximately $41,935 per year to cover basic expenses.