Cost of Living in Standard, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
85.3
100 = national avg
-14.7 vs national average
Living Wage (1 Adult)
$37,526
per year
Living Wage (Family of 4)
$88,698
per year
Cost Index by Category
Housing84.0
Food90.1
Transportation80.3
Healthcare92.1
Utilities90.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$851
per month
2 Bedroom
$937
per month
The overall cost of living index in Standard is 85.3, which is 14.7% below the national average. Housing costs are below the national average at an index of 84.0. A single adult needs to earn approximately $37,526 per year to cover basic expenses.