Cost of Living in Sheridan, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
108.7
100 = national avg
+8.7 vs national average
Living Wage (1 Adult)
$47,839
per year
Living Wage (Family of 4)
$113,074
per year
Cost Index by Category
Housing109.2
Food106.0
Transportation111.9
Healthcare104.8
Utilities105.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$822
per month
2 Bedroom
$1,079
per month
The overall cost of living index in Sheridan is 108.7, which is 8.7% above the national average. Housing costs are above the national average at an index of 109.2. A single adult needs to earn approximately $47,839 per year to cover basic expenses.