Cost of Living in Rantoul, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
85.0
100 = national avg
-15.0 vs national average
Living Wage (1 Adult)
$37,394
per year
Living Wage (Family of 4)
$88,386
per year
Cost Index by Category
Housing88.1
Food88.1
Transportation76.2
Healthcare90.5
Utilities90.5
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 Rantoul is 85.0, which is 15.0% below the national average. Housing costs are below the national average at an index of 88.1. A single adult needs to earn approximately $37,394 per year to cover basic expenses.