Albion, IL vs Sherrard, IL

Albion, IL and Sherrard, IL have a very similar cost of living, with only a 1.2% difference in their overall index. Albion scores 66 while Sherrard scores 67 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Albion is $808/month compared to $813/month in Sherrard — a 1% difference. Home values follow the same pattern: Albion is more affordable at $93,000 median vs $130,400.

Median household income in Albion is $56,172 compared to $86,932 in Sherrard (-35.4%). While Sherrard is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Albion spend roughly 17.3% of their income on rent, more than the 11.2% in Sherrard.