Cost of Living in Sheldon, IL

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20%
Overall NAT. AVG.
4%
Groceries NAT. AVG.
57%
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 Sheldon Illinois National
Cost of living8098100
Groceries96100100
Health care97100100
Housing4395100
Transportation96101100
Utilities9599100
Lifestyle & Entertainment98100100
Household Items96100100
Education & Childcare93100100
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Homes For Sale In Sheldon, IL

property for sale

385 E Main St

Sheldon, IL
property for sale

2701 E County Township Rd 121

Sheldon, IL
property for sale

2894 E Township Road 407

Sheldon, IL
property for sale

215 W Main St

Sheldon, IL

Cost Of Living Quick Facts

  • The cost of living in Sheldon is 19% lower than the Illinois average
  • The cost of living in Sheldon is 20% lower than the national average
  • Sheldon housing is 57% 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 Sheldon

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Compare Sheldon, IL Cost of Living

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      Transportation index
      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$70,245$5,854$1,639$2,108
      Renters$46,706$3,892$1,090$1,401

      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.
      Mount Ayr, IN1027921.1%
      Milford, IL1,2728217.6%
      Goodland, IN1,0588119.3%
      Brook, IN1,0238218.1%
      Donovan, IL2788217.6%
      Sheldon, IL1,2228019.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Sand Point, AK1,22211515.0%
      Kibler, AR1,2228316.5%
      Woodbury, GA1,2228514.5%
      Laurens, IA1,2228019.6%
      McCullom Lake, IL1,222972.5%
      Sheldon, IL1,2228019.9%
      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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