Cost of Living in Smithboro, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
54.0
100 = national avg
-46.0 vs national average
Living Wage (1 Adult)
$23,765
per year
Living Wage (Family of 4)
$56,172
per year
Cost Index by Category
Housing45.4
Food71.0
Transportation42.0
Healthcare76.8
Utilities71.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$836
per month
2 Bedroom
$916
per month
The overall cost of living index in Smithboro is 54.0, which is 46.0% below the national average. Housing costs are below the national average at an index of 45.4. A single adult needs to earn approximately $23,765 per year to cover basic expenses.