Cost of Living in Sherrard, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
109.7
100 = national avg
+9.7 vs national average
Living Wage (1 Adult)
$48,273
per year
Living Wage (Family of 4)
$114,101
per year
Cost Index by Category
Housing86.7
Food116.4
Transportation132.9
Healthcare113.2
Utilities107.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$928
per month
2 Bedroom
$1,143
per month
The overall cost of living index in Sherrard is 109.7, which is 9.7% above the national average. Housing costs are below the national average at an index of 86.7. A single adult needs to earn approximately $48,273 per year to cover basic expenses.