Cost of Living in Spring Bay, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
98.2
100 = national avg
-1.8 vs national average
Living Wage (1 Adult)
$43,214
per year
Living Wage (Family of 4)
$102,143
per year
Cost Index by Category
Housing103.1
Food96.7
Transportation93.4
Healthcare97.4
Utilities98.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$818
per month
2 Bedroom
$1,039
per month
The overall cost of living index in Spring Bay is 98.2, which is 1.8% below the national average. Housing costs are above the national average at an index of 103.1. A single adult needs to earn approximately $43,214 per year to cover basic expenses.