Lily Lake, IL vs Sherman, IL

Sherman is moderately more affordable than Lily Lake, with a 7.3% lower cost of living index. Lily Lake scores 111 compared to 103 for Sherman, where the US average is 100. This difference means residents of Lily Lake can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Lily Lake is $1,438/month compared to $1,565/month in Sherman — a 8% difference. Interestingly, home values tell a different story: while Lily Lake has cheaper rent, Sherman actually has lower median home values ($291,300 vs $379,300).

Median household income in Lily Lake is $145,192 compared to $147,025 in Sherman (-1.2%). Sherman offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Lily Lake spend roughly 11.9% of their income on rent, less than the 12.8% in Sherman.

Climate-wise, Sherman is notably warmer with an average of 54°F compared to 49.7°F in Lily Lake. Sherman receives more rainfall at 38" per year compared to 33.2" in Lily Lake.