Cost of Living in Cherry Valley, IL

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A+
5%
Overall NAT. AVG.
3%
Groceries NAT. AVG.
9%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Cherry Valley Illinois National
Cost of living9598100
Groceries98100100
Health care98100100
Housing9195100
Transportation100101100
Utilities9699100
Lifestyle & Entertainment94100100
Household Items97100100
Education & Childcare97100100
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Homes For Sale In Cherry Valley, IL

property for sale

224 Nelson Pkwy

Cherry Valley, IL
property for sale

Cherry Hill Rd

Cherry Valley, IL
property for sale

8162 S Perryville Rd

Cherry Valley, IL
property for sale

8155 Sayer Rd

Rockford, IL

Cost Of Living Quick Facts

  • The cost of living in Cherry Valley is 3% lower than the Illinois average
  • The cost of living in Cherry Valley is 5% lower than the national average
  • Cherry Valley housing is 9% lower than the national average
  • Illinois general sales tax is 22% higher than the national average
  • Illinois state income tax is 91% higher than the national average

Most Affordable Places to Live in and Around Cherry Valley

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Compare Cherry Valley, IL Cost of Living

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      Transportation index
      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$141,032$11,753$3,291$4,231
      Renters$36,065$3,005$841$1,082

      Illinois Sales Tax

      State General Sales Tax With Max Surtax
      Illinois 6.25% 10.25%

      Illinois Income Tax

      State Income Tax (Low) Income Tax (High)
      Illinois 4.95% 4.95%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Garden Prairie, IL2718218.1%
      Rockford, IL151,1698713.5%
      Capron, IL1,6898910.8%
      Belvidere, IL25,8318910.7%
      Monroe Center, IL3989010.2%
      Cherry Valley, IL2,864954.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Dalton Gardens, ID2,86312524.6%
      Honeoye Falls, NY2,8651076.6%
      Lena, IL2,8668713.5%
      Northeast Ithaca, NY2,86612323.4%
      Coalhurst, AB2,866n/a 
      Cherry Valley, IL2,864954.7%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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