Sheffield, AL Cost Of Living
Cost Of Living In Sheffield, AL Summary
Cost of living in Sheffield research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Sheffield is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Alabama, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Sheffield is 80, with 100 being the average.
The cost of living index in Sheffield is 0.8x lower than the national average.
Sheffield ranks as the #2 cheapest in Alabama out of 115.
Sheffield ranks as the #211 cheapest out of 6,412 in the US.
The median home value in Sheffield is $105,000.
The median income in Sheffield is $36,642.
Table Of Contents
Sheffield's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Sheffield, AL?
According to the most recent data on the cost of living, Sheffield has an overall cost of living index of 80, which is 0.8x lower than the national index of 100.
Compared to Alabama, Sheffield has a cost of living index that's 0.9x lower than Alabama's index of 88.
The standard of living in Sheffield ranks as #2 most affordable out of the 115 places we measured in Alabama. By definition, that implies Sheffield ranks as the #113 most expensive place in the Heart of Dixie.
For more reading on life in Sheffield, check out:
- Living In Sheffield
- Search Homes For Sale In Sheffield, AL
In Alabama
In America
Sheffield Cost Of Living Vs. Alabama
Six factors go into calculating the cost of living index in Sheffield. Here is how it fairs on each of the criteria:
The Services index in Sheffield is 91.
The Groceries index in Sheffield is 92.
The Health index in Sheffield is 77.
The Housing index in Sheffield is 53.
The Transportation index in Sheffield is 93.
The Utilities index in Sheffield is 99.
| Living Expense | Sheffield | Alabama | National Average | |
|---|---|---|---|---|
| Overall | 80 | 88 | 100 | |
| Services | 91 | 95 | 100 | |
| Groceries | 92 | 97 | 100 | |
| Health | 77 | 88 | 100 | |
| Housing | 53 | 69 | 100 | |
| Transportation | 93 | 90 | 100 | |
| Utilities | 99 | 101 | 100 | |
Sheffield, AL Housing Cost Breakdown
Housing swings affordability the most between places in Alabama, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Sheffield is $105,000.
The Median Rent in Sheffield is $725.
The Median Income in Sheffield is $36,642.
The Home Value To Income in Sheffield is 2.9x.
The Rent To Monthly Income in Sheffield is 0.24x.
| Statistic | Sheffield | Alabama | United States |
|---|---|---|---|
| Median Home Value | $105,000 | $157,100 | $244,900 |
| Median Rent | $725 | $852 | $1,163 |
| Median Income | $36,642 | $54,943 | $69,021 |
| Home Value To Income | 2.9x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.24x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Sheffield, AL Costs By Category
Detailed Sheffield Services Costs Vs. Alabama
Detailed Sheffield Groceries Costs Vs. Alabama
Detailed Sheffield Health Costs Vs. Alabama
Detailed Sheffield Transportation Costs Vs. Alabama
Detailed Sheffield Utilities Costs Vs. Alabama
Sheffield SnackAbility
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Cost Of Living In Cities Around Sheffield
The cost of living varies in the cities and towns around Sheffield. Here's a quick look at the cost of living in the most populous nearby places:
Decatur, AL has a cost of living index of 88, 1.1x Sheffield.
Florence, AL has a cost of living index of 86, 1.1x Sheffield.
Athens, AL has a cost of living index of 90, 1.1x Sheffield.
| City | Population | Cost Of Living | Vs. Sheffield |
|---|---|---|---|
| Decatur, AL | 57,303 | 88 | 1.1x |
| Florence, AL | 39,709 | 86 | 1.1x |
| Athens, AL | 25,213 | 90 | 1.1x |
| Muscle Shoals, AL | 15,969 | 89 | 1.1x |
| Hartselle, AL | 15,308 | 87 | 1.1x |
| Corinth, MS | 14,545 | 82 | 1.0x |
| Russellville, AL | 10,691 | 83 | 1.0x |
| Tuscumbia, AL | 8,977 | 85 | 1.1x |
| Booneville, MS | 8,702 | 79 | 1.0x |
| Pulaski, TN | 8,163 | 83 | 1.0x |
