Cost of Living in Sherman, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
185.1
100 = national avg
+85.1 vs national average
Living Wage (1 Adult)
$81,464
per year
Living Wage (Family of 4)
$192,552
per year
Cost Index by Category
Housing180.1
Food162.4
Transportation224.8
Healthcare149.9
Utilities153.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$970
per month
2 Bedroom
$1,203
per month
The overall cost of living index in Sherman is 185.1, which is 85.1% above the national average. Housing costs are above the national average at an index of 180.1. A single adult needs to earn approximately $81,464 per year to cover basic expenses.