Measured against area pay, Sharon Township costs less to live in than 58% of U.S. towns
It ranks #276 of 768 in Illinois for affordability.
Census 2020–24 home values, rents, tax bills and cost burden, measured against the median household income of Fayette County, IL ($61K). How TownRatings grades cost of living
The grade compares costs with what households across Fayette County earn ($61K, Census 2020–24). The typical home costs 3.6 years of area income, and 80% of renters pay 30% or more of income for housing.
In dollars
- $970a month for a two-bedroom, utilities includedHUD Fair Market Rent, 2026
In paychecks the grade
- 3.6 yrsof area income buys the typical home; the typical U.S. town: 3.3$61K, Fayette County income
- 11%of owners do; the typical U.S. town: 20%Census 2020–24
What kind of housing town is Sharon Township?
Read from the numbers below. The page puts what stands out first.
What’s behind Sharon Township’s grade
Measured against what households in the area earn, Sharon Township is more affordable than 58% of U.S. towns, #276 of 768 in Illinois. Property tax pulls the grade down most; the share of households paying 30%+ for housing holds it up.
A typical home costs 3.6 years of area income
The calculator starts from the area income the grade uses. Switch to Sharon Township’s own median, or type yours.
That covers a typical Sharon Township home, with $5K to spare.
A two-bedroom rents for about $970 a month here, $420 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Sharon Township’s typical property tax (1.22% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $970
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Fayette County, IL): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Property tax runs below the Illinois norm
The median bill is $2,705 (Illinois: $5,298), 1.22% of a home’s value a year, against 2.01% statewide.
Census American Community Survey 2020–24: the median real-estate tax bill homeowners report, and that bill ÷ the median home value. Bills include town, school and county taxes. The Census reports bills over $10,000 only as “$10,000+”.
Sharon Township vs. its neighbors
Zillow publishes no value for Sharon Township. Shafter Township and Vandalia Township and Ramsey Township have no Zillow value, so they are in the table only.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, latest | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Sharon Township | B | — | $222K | 1.22% | $970 |
| Vandalia | B+ | $133K | $99K | 1.93% | $920 |
| Shafter Township | – | — | $291K | 1.10% | $940 |
| Ramsey Township | A+ | — | $71K | 1.95% | $980 |
| Vandalia Township | – | — | $109K | 1.90% | $920 |
“—” under Zillow: Zillow publishes no value for that town, so it’s left blank rather than mixed with Census figures. “—” under Cost: not graded (too little Census data, or under 1,000 residents).
Questions about the cost of living in Sharon Township
Is Sharon Township expensive to live in?
Measured against what households in the area earn, Sharon Township costs less than 58% of U.S. towns: a B for cost of living, #276 of 768 in Illinois. The typical home costs 3.6 years of the median household income of Fayette County, IL ($61K).
How much is rent in Sharon Township?
HUD puts a two-bedroom at about $970 a month with utilities, the going rate for someone moving in.
What are property taxes in Sharon Township?
The median bill is $2,705 a year, 1.22% of the median home value (Illinois: $5,298, 2.01%), from the Census 2020–24.
Neighbors talk housing
What Sharon Township buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.