Cost of Living in Shannon, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
87.1
100 = national avg
-12.9 vs national average
Living Wage (1 Adult)
$38,312
per year
Living Wage (Family of 4)
$90,555
per year
Cost Index by Category
Housing71.7
Food95.4
Transportation101.7
Healthcare96.3
Utilities91.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$752
per month
2 Bedroom
$916
per month
The overall cost of living index in Shannon is 87.1, which is 12.9% below the national average. Housing costs are below the national average at an index of 71.7. A single adult needs to earn approximately $38,312 per year to cover basic expenses.