Cost of Living in Royal Lakes, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
64.8
100 = national avg
-35.2 vs national average
Living Wage (1 Adult)
$28,529
per year
Living Wage (Family of 4)
$67,432
per year
Cost Index by Category
Housing32.4
Transportation130.6
Utilities79.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$698
per month
2 Bedroom
$916
per month
The overall cost of living index in Royal Lakes is 64.8, which is 35.2% below the national average. Housing costs are below the national average at an index of 32.4. A single adult needs to earn approximately $28,529 per year to cover basic expenses.