Cost of Living in Venice, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
68.0
100 = national avg
-32.0 vs national average
Living Wage (1 Adult)
$29,904
per year
Living Wage (Family of 4)
$70,681
per year
Cost Index by Category
Housing70.1
Food76.5
Transportation52.9
Healthcare81.2
Utilities79.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$995
per month
2 Bedroom
$1,218
per month
The overall cost of living index in Venice is 68.0, which is 32.0% below the national average. Housing costs are below the national average at an index of 70.1. A single adult needs to earn approximately $29,904 per year to cover basic expenses.