Sterling, IL, offers a cost of living that is notably lower than the nationwide average. According to the latest data, the overall cost of living index for Sterling stands at 85, which is 15% lower than the average of 100. This reduction makes Sterling an attractive option for those seeking a more affordable lifestyle.
Breaking down the cost categories, Sterling's housing index at 75 is 25% below the national average. This affordability extends to groceries, utilities, and miscellaneous expenses as well, each showing lower rates compared to the national benchmark. However, healthcare remains aligned with the national average, providing balanced cost expectations for potential residents.
Sterling, IL presents a favorable cost of living for potential residents when compared to the nationwide average. The housing index in Sterling stands at 75, which indicates that costs for rent or mortgage payments are 25% lower than the national average. This makes housing a significantly more affordable option for individuals and families considering a move to Sterling.
Additionally, the groceries index in Sterling is 90, reflecting a 10% decrease from the average cost across the country. While utilities in Sterling are slightly above the national average, sitting at 95, this still represents only a modest 5% increase. Transportation costs in Sterling are at 85, which is 15% lower than the national average, offering another area of savings. Healthcare costs remain at par with the national average, set at 100, ensuring no extra financial burden for residents. Miscellaneous expenses in Sterling are at 80, which is a 20% reduction from the national average. Altogether, these indices provide a clear picture of a cost of living in Sterling that is generally lower, making it an attractive option for those looking to balance affordability with quality of life.
