Mount Sterling, IL vs Shipman, IL

Mount Sterling, IL and Shipman, IL have a very similar cost of living, with only a 0.2% difference in their overall index. Mount Sterling scores 65 while Shipman scores 65 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 Mount Sterling is $712/month compared to $788/month in Shipman — a 10% difference. Interestingly, home values tell a different story: while Mount Sterling has cheaper rent, Shipman actually has lower median home values ($92,500 vs $118,100).

Median household income in Mount Sterling is $63,922 compared to $62,500 in Shipman (+2.3%). While Mount Sterling is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Mount Sterling spend roughly 13.4% of their income on rent, less than the 15.1% in Shipman.

Climate-wise, Shipman is notably warmer with an average of 56.1°F compared to 53°F in Mount Sterling. Shipman receives more rainfall at 39.4" per year compared to 36.4" in Mount Sterling.