Housing costs in Sterling?
A typical home costs
$108,100, which is 68.0% less expensive than the national average of
$338,100 and 55.3% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Sterling costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 51.8% cheaper than the state average of
$1,260.
Can I afford Sterling?
To live comfortably in Sterling Illin Metro Area, Illinois, a minimum annual income of
$20,880 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Sterling?
The cost of living in the Sterling, IL Metro Area is significantly lower than the national average. The area has an estimated cost of living index of 74.3, which is much lower than the United State's average of 100. This low cost of living is likely due to the median house value in Sterling being only $108,100, as compared to the US average of $338,100. For those looking for a more affordable place to live, Sterling may offer a great opportunity to stretch out their budget and enjoy all the benefits that come with a lower cost of living.