Housing costs in Sheridan?
A typical home costs
$239,500, which is 29.2% less expensive than the national average of
$338,100 and 0.9% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Sheridan costs
$1,520 per month, which is 6.3% more than the national average of
$1,430 and 17.1% more than the state average of
$1,260.
Can I afford Sheridan?
To live comfortably in Sheridan, Illinois, a minimum annual income of
$45,720 for a family, and
$46,400 for a single person is recommended.
What does A.I. say about Sheridan?
Sheridan, IL is an affordable place to live. According to Sperling's Best Places, Sheridan has an overall cost of living index of 83.2, which is 17.8% lower than the US average. Housing costs in particular are notably low, with a housing index rating of 63 which is 37% lower than the national average. Other costs such as utilities and groceries are also relatively inexpensive in Sheridan compared to other locations in the US. Overall, Sheridan offers residents great value for their money and makes it possible to enjoy a comfortable lifestyle on a more modest budget