Lexington, IL vs Sherrard, IL

Lexington, IL and Sherrard, IL have a very similar cost of living, with only a 3% difference in their overall index. Lexington scores 69 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 Lexington is $734/month compared to $813/month in Sherrard — a 10% difference. Interestingly, home values tell a different story: while Lexington has cheaper rent, Sherrard actually has lower median home values ($130,400 vs $171,600).

Median household income in Lexington is $98,676 compared to $86,932 in Sherrard (+13.5%). While Lexington is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lexington spend roughly 8.9% of their income on rent, less than the 11.2% in Sherrard.

Climate-wise, both cities share similar average temperatures (52.3°F vs 51.2°F). Lexington receives more rainfall at 40.4" per year compared to 38.3" in Sherrard.