Cost Of Living in Sherrard, IL

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10%

Overall NAT. AVG.

3%

Groceries NAT. AVG.

32%

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	Sherrard	Illinois	National
Cost of living	90	98	100
Groceries	97	100	100
Health care	101	100	100
Housing	68	95	100
Transportation	104	101	100
Utilities	99	99	100
Lifestyle & Entertainment	98	100	100
Household Items	101	100	100
Education & Childcare	102	100	100

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Homes For Sale In Sherrard, IL

3111 Buena Vista Ct

Sherrard, IL

645 Suncrest Ct

Sherrard, IL

Woodland Dr

Preemption Township, IL

130 Glenview Dr

Sherrard, IL

Cost Of Living Quick Facts

The cost of living in Sherrard is 8% lower than the Illinois average
The cost of living in Sherrard is 10% lower than the national average
Sherrard housing is 32% 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

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$100,355	$8,363	$2,341	$3,011
Renters	$57,249	$4,771	$1,336	$1,718

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.
Rock Island Arsenal, IL	366	100	0.2%
Oak Grove, IL	445	78	21.6%
Rio, IL	215	84	15.7%
Matherville, IL	897	86	13.7%
Viola, IL	1,071	87	13.1%
Sherrard, IL	653	90	9.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Norfolk, CT	653	110	10.0%
Fern Forest, HI	653	111	10.9%
New Market, IN	653	85	14.6%
Oldenburg, IN	653	99	1.2%
Burden, KS	653	81	19.0%
Sherrard, IL	653	90	9.6%

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.

Cost of Living in Sherrard, IL

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Cost Of Living Quick Facts

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The best places in Illinois

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Median Income & Debt-To-Income Ratio

Illinois Sales Tax

Illinois Income Tax

Nearby cities with low cost of living

Cities with similar population