Cost of Living in Tower Lakes, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
241.4
100 = national avg
+141.4 vs national average
Living Wage (1 Adult)
$106,210
per year
Living Wage (Family of 4)
$251,041
per year
Cost Index by Category
Housing285.0
Food182.0
Transportation263.9
Healthcare165.6
Utilities186.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,581
per month
2 Bedroom
$1,781
per month
The overall cost of living index in Tower Lakes is 241.4, which is 141.4% above the national average. Housing costs are above the national average at an index of 285.0. A single adult needs to earn approximately $106,210 per year to cover basic expenses.