Cost of Living in Rockford, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
90.8
100 = national avg
-9.2 vs national average
Living Wage (1 Adult)
$39,932
per year
Living Wage (Family of 4)
$94,385
per year
Cost Index by Category
Housing97.2
Food90.8
Transportation81.5
Healthcare92.6
Utilities93.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$852
per month
2 Bedroom
$1,118
per month
The overall cost of living index in Rockford is 90.8, which is 9.2% below the national average. Housing costs are below the national average at an index of 97.2. A single adult needs to earn approximately $39,932 per year to cover basic expenses.