Cost of Living in Sheldon, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
73.5
100 = national avg
-26.5 vs national average
Living Wage (1 Adult)
$32,319
per year
Living Wage (Family of 4)
$76,390
per year
Cost Index by Category
Housing67.7
Food83.6
Transportation67.2
Healthcare86.9
Utilities83.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$698
per month
2 Bedroom
$916
per month
The overall cost of living index in Sheldon is 73.5, which is 26.5% below the national average. Housing costs are below the national average at an index of 67.7. A single adult needs to earn approximately $32,319 per year to cover basic expenses.