Cost of Living in Sherman, IL
Housing
The housing market plays a significant role in determining the cost of living in Sherman, IL.
- Housing Index: 101.8 / 100
- Median Home Price is: $232,000
- Average Rent (2 BR Apartment): $1707 per month
- Average Rent (2 BR House): $1855 per month
Considering a move to Sherman, IL? The median home price is presently 232000, establishing it as an affordable housing option for prospective buyers. However, with a housing index of 101.8, it's crucial to note that the availability and demand for homes could significantly impact your buying decisions. Interestingly, while rental prices are currently at zero for both 2-bedroom apartments and houses, this may reflect limited data or market fluctuation. Investigating local amenities and community offerings should also play a key role in your decision-making process.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Sherman, IL.
- Electricity Price: $16.15 USD (median by state)
- Natural Gas Price: $16.59 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $244 per month
Living in Sherman, IL could entail higher utility costs. Electricity costs sit at $16.15, while natural gas is priced at $16.59 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $244 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Sherman is a financially viable option for your relocation.