B+

Sherrard, IL

Source:

Affordability Score: 75/100

Population: 2,597 · 1 ZIP codes

The affordability dashboard for Sherrard, IL aggregates Census ACS 5-Year Estimates across 1 ZIP code covering 2,597 residents, then layers in county-level federal data to produce an overall grade of B+ (75/100). The headline inputs are median household income of $102,639, median home value of $224,000, median rent of $763 per month, and 27.1% 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 $1,143 per month (studio $817, 1BR $928, 3BR $1,498, 4BR $1,819). Department of Labor data lists infant center-based childcare at $9,574 per year, consuming 9% 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 Sherrard, IL include income, housing, rent, childcare. Unemployment currently reads 2.1% and poverty 4.6% — numbers worth keeping alongside the headline grade.

Score Breakdown

Income A-
$102,639
Median household income
Education D
27.1%
Bachelor's degree or higher
Housing A
2.2x
Home value $224,000 vs income
Commute D
27 min
Average commute time
Rent A+
$1,143/mo
2BR fair market rent (13% of income)
Safety N/A
N/A
Violent crime rate (county)
Childcare B+
$9,574/yr
Center-based infant care (9% of income)

Income & Employment

Median Income
$102,639
▲ 66% vs national
Per Capita Income
$49,103
Unemployment Rate
2.1%
Poverty Rate
4.6%

Housing

Median Home Value
$224,000
▼ 19% vs national
Median Rent
$763/mo
Owner Occupied
92.4%
2BR Fair Market Rent
$1,143/mo
▼ 5% vs national

Fair Market Rents by Bedroom

Studio
$817
1BR
$928
2BR
$1,143
3BR
$1,498
4BR
$1,819

Safety

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

Education & Family

Bachelor's Degree+
27.1%
▼ 3 ppt vs national
High School+
62.8%
Median Age
47.6
Avg. Commute
27 min
▲ 1 min vs national

Childcare Costs

Infant (Center)
$9,574/yr
9% of income
Toddler (Center)
Preschool (Center)
$8,927/yr
School-Age (Center)

What This Means

Sherrard, IL receives an overall affordability grade of B+ (75/100), aggregated from 1 ZIP codes with a total population of 2,597. This area performs well in income and housing and rent and childcare. Data was unavailable for safety — these dimensions were excluded from the overall score.

Nearby City Dashboards

Explore Sherrard ZIP Codes
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What are common questions about this dashboard?

Is Sherrard, IL affordable?
Sherrard, IL receives an overall affordability grade of B+ (75/100) based on Census, HUD, FBI, and DOL data. Median household income is $102,639. Median home value is $224,000.
What is the cost of living in Sherrard?
Key cost metrics: Median rent $763/mo. 2BR fair market rent $1,143/mo. Infant childcare $9,574/yr. Median home value $224,000.
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 →