Cost of Living in Sterling, IL

With a cost of living index of 66, Sterling, IL is one of the most affordable cities in the country. Living here is 34% cheaper than the national average and 14% below the Illinois state average of 80. Sterling is a smaller community of 14,670 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Sterling's cost of living. The median monthly rent is $780 (41% below the US median of $1,319), and the median home value sits at $107,800 (65% below the national median of $304,900). At current prices, the median home costs roughly 2x the median household income — well within traditional affordability guidelines.

The median household income in Sterling is $52,647, which is 30% lower than the national median of $75,149. Residents spend roughly 18% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Sterling. The area sees an average annual temperature of 49.4°F, with summers averaging 72°F and winters around 25°F. Annual rainfall totals 37.2 inches spread over roughly 121 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.