Cost of Living in Urbana, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
90.7
100 = national avg
-9.3 vs national average
Living Wage (1 Adult)
$39,928
per year
Living Wage (Family of 4)
$94,376
per year
Cost Index by Category
Housing114.6
Food85.0
Transportation61.0
Healthcare88.0
Utilities94.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$946
per month
2 Bedroom
$1,122
per month
The overall cost of living index in Urbana is 90.7, which is 9.3% below the national average. Housing costs are above the national average at an index of 114.6. A single adult needs to earn approximately $39,928 per year to cover basic expenses.