Housing costs in Sherrard?
A typical home costs
$204,500, which is 39.5% less expensive than the national average of
$338,100 and 15.4% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Sherrard costs
$960 per month, which is 32.9% cheaper than the national average of
$1,430 and 31.3% cheaper than the state average of
$1,260.
Can I afford Sherrard?
To live comfortably in Sherrard (zip 61281), Illinois, a minimum annual income of
$39,240 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Sherrard?
Living in 61281 Sherrard, IL can be surprisingly affordable. According to BestPlaces, the cost of living index is around 82.93, which is significantly lower than the U.S. average of 100. This means that groceries and other essential daily expenses tend to be cheaper here than in other parts of the country. Renting a one-bedroom apartment in Sherrard typically costs around $725 per month, while a three-bedroom house averages out at about $925 per month—significantly less than what you'd find in many larger cities across the country. Additionally, utility costs are low, with an average monthly electricity bill of just over $90 and natural gas costing about $50 per month. All these factors make 61281 Sherrard, IL a great place for those looking to enjoy a more affordable lifestyle without sacrificing quality or convenience.