Sherrard, Illinois Unemployment

Sherrard, Illinois has a population of 614, with a median household income of $62,450.

Current unemployment data for Sherrard.

3.10%

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Population

614

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Median Income

$62,450

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Unemployment

3.10%

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Housing Price

$145,200

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Crime Rate

7.40

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Internet Speed

200.00 Mbps

Sherrard is a small local community located in Illinois. The city has a population that is below the average city population in Illinois, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Sherrard is a notable city in Illinois, offering a mix of population dynamics, economic indicators, and housing trends.

Population Overview

Sherrard has a population of 614, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Sherrard is $62,450, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Sherrard is about $145,200, making it relatively affordable compared to many cities in Illinois.

Employment and Safety

The unemployment rate in Sherrard is 3.10%, which is lower than the state average, indicating a relatively strong job market. Sherrard has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in Illinois, Sherrard shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

As part of Illinois, Sherrard contributes to the broader economic and social landscape, offering insights into regional development.

Frequently Asked Questions about Sherrard

What is the population of Sherrard?

The population of Sherrard is approximately 614.

Is Sherrard a good place to live?

Sherrard offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Sherrard?

The median household income in Sherrard is around $62,450.

How expensive is housing in Sherrard?

The average housing price in Sherrard is approximately $145,200.