Cost of Living in Verona, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
84.0
100 = national avg
-16.0 vs national average
Living Wage (1 Adult)
$36,949
per year
Living Wage (Family of 4)
$87,334
per year
Cost Index by Category
Housing101.1
Food81.5
Transportation63.1
Healthcare85.2
Utilities89.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,118
per month
2 Bedroom
$1,459
per month
The overall cost of living index in Verona is 84.0, which is 16.0% below the national average. Housing costs are above the national average at an index of 101.1. A single adult needs to earn approximately $36,949 per year to cover basic expenses.