Cost of Living in South Beloit, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
112.2
100 = national avg
+12.2 vs national average
Living Wage (1 Adult)
$49,357
per year
Living Wage (Family of 4)
$116,662
per year
Cost Index by Category
Housing102.7
Food112.5
Transportation125.1
Healthcare110.0
Utilities108.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$895
per month
2 Bedroom
$1,175
per month
The overall cost of living index in South Beloit is 112.2, which is 12.2% above the national average. Housing costs are above the national average at an index of 102.7. A single adult needs to earn approximately $49,357 per year to cover basic expenses.