Cost of Living in Towanda, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
109.9
100 = national avg
+9.9 vs national average
Living Wage (1 Adult)
$48,361
per year
Living Wage (Family of 4)
$114,307
per year
Cost Index by Category
Housing102.5
Food110.1
Transportation120.2
Healthcare108.1
Utilities106.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$999
per month
2 Bedroom
$1,302
per month
The overall cost of living index in Towanda is 109.9, which is 9.9% above the national average. Housing costs are above the national average at an index of 102.5. A single adult needs to earn approximately $48,361 per year to cover basic expenses.