Sterling cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexSterlingIllinoisNational
Cost of living index8499100
IndexSterlingIllinoisNational
Goods & Services index9698100
Groceries index9699100
Health care index103101100
Housing index5499100
Transportation index9997100
Utilities index95101100
A general summary of the cost of living index in Sterling, IL is shown above. Compared to the state average of Illinois the cost of living index in Sterling, IL is 84, which is 15% lower than the average in Illinois and compared to the national average it is 16% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Sterling, IL goods and services come in at 2% lower than the average in Illinois and are 4% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Sterling is 15% lower than the Illinois average.
  • The cost of living in Sterling is 16% lower than the national average.
  • The cost of housing in Sterling is 46% lower than the national average.
  • Illinois general sales tax is 23% higher than the national average.
  • Illinois state income tax is 69% higher than the national average.

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Salary Calculator

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Use the salary calculator to compare your current salary in Sterling, IL to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Sterling, IL, then you would need to earn more income in order to maintain the same standard of living. To use the Sterling, IL salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$55,747$4,646$1,301$1,673
Renters$24,369$2,031$569$731
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Sterling, IL as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Sterling, IL homeowners, is $55,747. This would allow for a maximum of $1,301 per month to be spent on housing costs. For renters, the median monthly income is $24,369 which would result in a maximum of $569 to be spent on rental costs.

Illinois Sales Tax

StateGeneral Sales TaxWith Max Surtax
Illinois6.25%9.75%

Illinois Income Tax

StateIncome Tax (Low)Income Tax (High)
Illinois3.75%3.75%
When you are determining the total cost of living in Sterling, IL you will want to make sure you consider both the Illinois sales tax and the Illinois income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Illinois is 6.25%, with the highest surtax being 9.75%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Illinois have a range from 3.75% to 3.75%.

Goods & Services

ItemSterlingNational avg.Difference
Haircut $12.57$14.5913.9%
Beauty Salon $29.57$34.6814.7%
Toothpaste $1.88$2.4724.0%
Shampoo $1.00$1.022.2%
Movie $10.29$9.874.3%
Bowling $3.94$4.3910.3%

Groceries

ItemSterlingNational avg.Difference
Ground Beef $4.91$4.489.7%
Fried Chicken $1.51$1.463.1%
Milk $2.42$2.362.7%
Potatoes $2.19$3.0628.5%
Pizza $8.00$9.2413.4%
Beer $8.37$8.633.0%

Health Care

ItemSterlingNational avg.Difference
Optometrist $74.14$99.7825.7%
Doctor $112.33$105.036.9%
Dentist $89.63$88.701.0%
Ibuprofen $9.99$9.416.1%
Lipitor $319.94$298.507.2%

Housing

ItemSterlingNational avg.Difference
Home Price $83,300.00$175,700.0052.6%
Avg. Mortgage Payment $777.29$1,081.0328.1%
Apartment Rent $623.00$920.0032.3%

Transportation

ItemSterlingNational avg.Difference
Gasoline $1.96$2.096.5%
Tire Balancing $51.06$45.2912.8%

Utilities

ItemSterlingNational avg.Difference
All Electricity$176.07$170.803.1%
Phone $23.50$28.2616.8%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Chadwick, IL45481-19%
Nelson, IL21982-18%
Coleta, IL24482-18%
Milledgeville, IL1,03483-17%
Rock Falls, IL9,11183-17%
Sterling, IL15,20884-16%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hudson, MA15,21213232%
Fillmore, CA15,20312323%
Los Lunas, NM15,20393-7%
Camano, WA15,20112424%
Westbury, NY15,20115050%
Sterling, IL15,20884-16%
Source: The Sterling, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.