Living in Sherrard, Illinois
Cost of living, income, home prices, rent and demographics of Sherrard · Census data 2020–2024
Sherrard has 691 residents with a median age of 42.9. The median household income is $98,750 (18% higher than the Illinois median), the median home value is $150,200, the median rent is $850/month.
Sherrard is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Sherrard at a glance
- Population
- 691
- Median age
- 42.9State: 39
- Median household income
- $98,750State: $83,390
- Median home value
- $150,200State: $263,300
- Median rent
- $850/moState: $1,274
- Homeowners
- 92.6%
- Bachelor's degree or higher
- 17.2%
- Average commute
- 27 min
Is Sherrard a good place to live?
Pros: Median household income 18% higher than the Illinois median; home values 43% lower than the state median; an average commute of 27 minutes; unemployment of 5%; a poverty rate of 9.3%.
The weather is best in May–June and August–September.
Cost of living in Sherrard
Housing is the biggest part of the cost of living. In Sherrard the median home value is $150,200, 55% lower than the U.S. median. Renters pay a median of $850 per month, which is 14.1% of household income. Homeowners with a mortgage pay $1,347 a month in housing costs.
Sherrard median household income
The median household income in Sherrard is $98,750 and the income per person is $43,375. 9.3% of residents live below the poverty line (Illinois: 11.8%).
Housing in Sherrard: homes for sale and rent
- Housing units
- 303
- Owner-occupied
- 92.6%
- Renter-occupied
- 7.4%
- Vacant
- 6.3%Includes seasonal homes
- Median year built
- 1962
- Average household size
- 2.43
Sherrard demographics
- Population
- 691
- Median age
- 42.9
- Under 18
- 18.1%
- 65 and older
- 15.2%
- Households
- 284
- Foreign-born
- 2.3%
- Veterans
- 9.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Sherrard ›
Education in Sherrard
17.2% of adults 25 and older in Sherrard have a bachelor's degree or higher (Illinois: 37.8%), and 9.6% have a graduate or professional degree.
Jobs and commute in Sherrard
- Unemployment rate
- 5%State: 5.8%
- Average commute
- 27 minState: 28 min
- Work from home
- 10.4%
- Drive alone
- 80.8%
- Public transit
- 0%
- Walk to work
- 0.8%
- Homes with broadband
- 95.8%
Sherrard vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Sherrard | 691 | $98,750 | $150,200 | $850 |
| Cable | 122 | $104,375 | $329,000 | — |
| Preemption | 127 | $86,406 | $110,900 | — |
| Orion | 1,812 | $94,375 | $178,500 | $833 |
| Matherville | 657 | $86,500 | $134,800 | $856 |
| Coyne Center | 904 | $115,156 | $221,400 | — |
| Oak Grove | 277 | $40,972 | $14,200 | $1,036 |
| Windsor | 704 | $59,333 | $109,800 | $447 |
| Viola | 899 | $72,500 | $120,000 | $705 |
More for people moving to Sherrard
Sherrard ZIP code ›Weather and climate ›Living in Sherrard: FAQ
What is the median household income in Sherrard, IL?
The median household income in Sherrard is $98,750, 18% higher than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Sherrard?
The median home value in Sherrard is $150,200, compared with $263,300 in Illinois.
How much is rent in Sherrard?
The median gross rent in Sherrard is $850 per month, about 14.1% of household income.
Is Sherrard, IL a good place to live?
Pluses: median household income 18% higher than the Illinois median; home values 43% lower than the state median; an average commute of 27 minutes; unemployment of 5%; a poverty rate of 9.3%.
What is the median age in Sherrard?
The median age in Sherrard is 42.9 years (Illinois: 39).
How long is the commute in Sherrard?
The average commute to work in Sherrard is 27 minutes; 10.4% of workers work from home.
What is the unemployment rate in Sherrard?
The unemployment rate in Sherrard is 5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Sherrard?
17.2% of adults in Sherrard have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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