Housing costs in Sherman?
A typical home costs
$274,000, which is 19.0% less expensive than the national average of
$338,100 and 13.4% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Sherman costs
$1,000 per month, which is 30.1% cheaper than the national average of
$1,430 and 26.0% cheaper than the state average of
$1,260.
Can I afford Sherman?
To live comfortably in Sherman, Illinois, a minimum annual income of
$52,560 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Sherman?
The cost of living in Sherman, IL is relatively low compared to other areas in the country. The median home price is around $80,000 which is much lower than the national average. The average cost of groceries and healthcare are also slightly lower than the national average. This makes living in Sherman very affordable for those with a limited budget. Property taxes are also relatively low which helps to offset some of the other costs associated with living here. With its low cost of living and strong sense of community, Sherman is an attractive option for those looking for a place to call home.