Cost of Living in Sheffield, IL

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17%
Overall NAT. AVG.
3%
Groceries NAT. AVG.
48%
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 Sheffield Illinois National
Cost of living8398100
Groceries97100100
Health care97100100
Housing5295100
Transportation97101100
Utilities9399100
Lifestyle & Entertainment96100100
Household Items96100100
Education & Childcare97100100
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Homes For Sale In Sheffield, IL

property for sale

209 E Farnham St

Sheffield, IL
property for sale

304 S Church St

Sheffield, IL
property for sale

340 S Main St

Sheffield, IL
property for sale

136 N Washington St

Sheffield, IL

Cost Of Living Quick Facts

  • The cost of living in Sheffield is 16% lower than the Illinois average
  • The cost of living in Sheffield is 17% lower than the national average
  • Sheffield housing is 48% 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 Sheffield

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Compare Sheffield, IL Cost of Living

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      Utilities index
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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$88,148$7,346$2,057$2,645
      Renters$44,128$3,677$1,030$1,324

      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.
      New Bedford, IL587821.7%
      Hooppole, IL1827920.6%
      Kewanee, IL12,9618217.7%
      Neponset, IL3968316.9%
      Buda, IL6278515.0%
      Sheffield, IL8528317.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Edgewater, AL8528218.5%
      Patagonia, AZ8521087.7%
      Rhine, GA8528317.0%
      Coldwater, KS8528020.0%
      Lamberton, MN8528416.5%
      Sheffield, IL8528317.1%
      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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