Cost of Living in Sheridan, IL

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3%
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 Sheridan Illinois National
Cost of living9798100
Groceries97100100
Health care99100100
Housing9195100
Transportation103101100
Utilities10299100
Lifestyle & Entertainment96100100
Household Items100100100
Education & Childcare96100100
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Homes For Sale In Sheridan, IL

property for sale

2390 N 4059th Rd

Sheridan, IL
property for sale

2790 N 4201st Rd

Sheridan, IL
property for sale

4314 E 2659th RD

Sheridan, IL
property for sale

4344 E 2859th Rd

Sheridan, IL

Cost Of Living Quick Facts

  • The cost of living in Sheridan is 2% lower than the Illinois average
  • The cost of living in Sheridan is 3% lower than the national average
  • Sheridan 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 Sheridan

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Compare Sheridan, IL Cost of Living

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      Transportation index
      Utilities 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$106,605$8,884$2,487$3,198
      Renters$84,230$7,019$1,965$2,527

      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.
      Naplate, IL4588812.1%
      Earlville, IL2,117909.6%
      Marseilles, IL4,712918.7%
      Ottawa, IL19,177918.7%
      Leland, IL964964.4%
      Sheridan, IL2,894973.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      West Ishpeming, MI2,894928.3%
      Sands Point, NY2,894416316.3%
      Hypoluxo, FL2,8931109.7%
      Tainter Lake, WI2,8931021.7%
      Saint-Alexis-des-Monts, QC2,893n/a 
      Sheridan, IL2,894973.3%
      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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