A

Sherman, IL

Source:

Affordability Score: 89/100

Population: 5,111 · 1 ZIP codes

The affordability dashboard for Sherman, IL aggregates Census ACS 5-Year Estimates across 1 ZIP code covering 5,111 residents, then layers in county-level federal data to produce an overall grade of A (89/100). The headline inputs are median household income of $139,196, median home value of $305,300, median rent of $2,041 per month, and 48.4% of adults holding a bachelor's degree or higher. These four metrics alone explain most of the variance between city dashboards.

Cross-agency feeds widen the picture beyond Census demographics. HUD publishes a Fair Market Rent for a 2-bedroom in this county at $1,203 per month (studio $829, 1BR $970, 3BR $1,611, 4BR $1,682). Department of Labor data lists infant center-based childcare at $10,185 per year, consuming 7% of the local median household income.

Reading the overall grade requires reading all seven dimensions together. The score weights Income 20%, Safety 20%, Housing 15%, Rent 15%, Education 10%, Commute 10%, and Childcare 10%, with each sub-score benchmarked against national percentiles rather than state averages — so the grade is genuinely comparable across any city in the country. Strengths visible in the raw data for Sherman, IL include income, education, housing, rent, childcare. Unemployment currently reads 2.0% and poverty 1.9% — numbers worth keeping alongside the headline grade.

Score Breakdown

Income A+
$139,196
Median household income
Education A-
48.4%
Bachelor's degree or higher
Housing A
2.2x
Home value $305,300 vs income
Commute N/A
N/A
Average commute time
Rent A+
$1,203/mo
2BR fair market rent (10% of income)
Safety N/A
N/A
Violent crime rate (county)
Childcare A-
$10,185/yr
Center-based infant care (7% of income)

Income & Employment

Median Income
$139,196
▲ 125% vs national
Per Capita Income
$57,277
Unemployment Rate
2.0%
Poverty Rate
1.9%

Housing

Median Home Value
$305,300
▲ 11% vs national
Median Rent
$2,041/mo
Owner Occupied
92.1%
2BR Fair Market Rent
$1,203/mo
▲ 0% vs national

Fair Market Rents by Bedroom

Studio
$829
1BR
$970
2BR
$1,203
3BR
$1,611
4BR
$1,682

Safety

Violent Crime Rate
Data Source
FBI UCR (county-level)

Education & Family

Bachelor's Degree+
48.4%
▲ 18 ppt vs national
High School+
69.1%
Median Age
42.2
Avg. Commute

Childcare Costs

Infant (Center)
$10,185/yr
7% of income
Toddler (Center)
$9,793/yr
Preschool (Center)
$9,100/yr
School-Age (Center)
$2,124/yr

What This Means

Sherman, IL receives an overall affordability grade of A (89/100), aggregated from 1 ZIP codes with a total population of 5,111. This area performs well in income and education and housing and rent and childcare. Data was unavailable for commute, safety — these dimensions were excluded from the overall score.

Nearby City Dashboards

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What are common questions about this dashboard?

Is Sherman, IL affordable?
Sherman, IL receives an overall affordability grade of A (89/100) based on Census, HUD, FBI, and DOL data. Median household income is $139,196. Median home value is $305,300.
What is the cost of living in Sherman?
Key cost metrics: Median rent $2,041/mo. 2BR fair market rent $1,203/mo. Infant childcare $10,185/yr. Median home value $305,300.
How is the affordability score calculated?
The score evaluates 7 dimensions weighted by importance: Income (20%), Safety (20%), Housing (15%), Rent (15%), Education (10%), Commute (10%), and Childcare (10%). Each metric is compared against national percentile benchmarks from Census, HUD, FBI, and DOL data.

Data as of 2024. Source: U.S. Census Bureau ACS 5-Year Estimates. Source: HUD Fair Market Rents. Source: FBI Uniform Crime Report. Source: DOL National Database of Childcare Prices. Verify with HUD →