Cost of Living in Sterling, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
84.1
100 = national avg
-15.9 vs national average
Living Wage (1 Adult)
$36,987
per year
Living Wage (Family of 4)
$87,423
per year
Cost Index by Category
Housing80.4
Food90.2
Transportation80.5
Healthcare92.2
Utilities90.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$719
per month
2 Bedroom
$916
per month
The overall cost of living index in Sterling is 84.1, which is 15.9% below the national average. Housing costs are below the national average at an index of 80.4. A single adult needs to earn approximately $36,987 per year to cover basic expenses.