Cost of Living in Sterling, IL
Housing
The housing market plays a significant role in determining the cost of living in Sterling, IL.
- Housing Index: 90.0 / 100
- Median Home Price is: $137,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1360 per month
Considering a move to Sterling, IL? With a population of , this community boasts a median age of years, suggesting a stable mix of past and present residents. The median income of is above the poverty level of %, indicating a relatively healthy economic situation. However, with an unemployment rate of %, it’s prudent to assess job markets in your field. The presence of % married families can reflect the community’s family-friendly environment, making it a potentially great choice if you're seeking a supportive neighborhood.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Sterling, 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.): $250 per month
Living in Sterling, 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 $250 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 Sterling is a financially viable option for your relocation.