Sheldon, IA Cost Of Living
Cost Of Living In Sheldon, IA Summary
Cost of living in Sheldon 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 Sheldon is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Iowa, 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 Sheldon is 89, with 100 being the average.
The cost of living index in Sheldon is 0.9x lower than the national average.
Sheldon ranks as the #42 cheapest in Iowa out of 80.
Sheldon ranks as the #1,460 cheapest out of 6,412 in the US.
The median home value in Sheldon is $152,900.
The median income in Sheldon is $61,369.
Table Of Contents
Sheldon's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Sheldon, IA?
According to the most recent data on the cost of living, Sheldon has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to Iowa, Sheldon has a cost of living index that's 1.0x lower than Iowa's index of 89.
The standard of living in Sheldon ranks as #42 most affordable out of the 80 places we measured in Iowa. By definition, that implies Sheldon ranks as the #38 most expensive place in the Hawkeye State.
For more reading on life in Sheldon, check out:
- Living In Sheldon
- Sheldon Crime Report
- Search Homes For Sale In Sheldon, IA
In Iowa
In America
Sheldon Cost Of Living Vs. Iowa
Six factors go into calculating the cost of living index in Sheldon. Here is how it fairs on each of the criteria:
The Services index in Sheldon is 94.
The Groceries index in Sheldon is 103.
The Health index in Sheldon is 118.
The Housing index in Sheldon is 74.
The Transportation index in Sheldon is 98.
The Utilities index in Sheldon is 97.
| Living Expense | Sheldon | Iowa | National Average | |
|---|---|---|---|---|
| Overall | 89 | 89 | 100 | |
| Services | 94 | 95 | 100 | |
| Groceries | 103 | 98 | 100 | |
| Health | 118 | 99 | 100 | |
| Housing | 74 | 73 | 100 | |
| Transportation | 98 | 98 | 100 | |
| Utilities | 97 | 94 | 100 | |
Sheldon, IA Housing Cost Breakdown
Housing swings affordability the most between places in Iowa, 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 Sheldon is $152,900.
The Median Rent in Sheldon is $620.
The Median Income in Sheldon is $61,369.
The Home Value To Income in Sheldon is 2.5x.
The Rent To Monthly Income in Sheldon is 0.12x.
| Statistic | Sheldon | Iowa | United States |
|---|---|---|---|
| Median Home Value | $152,900 | $160,700 | $244,900 |
| Median Rent | $620 | $845 | $1,163 |
| Median Income | $61,369 | $65,429 | $69,021 |
| Home Value To Income | 2.5x | 2.5x | 3.5x |
| Rent To Monthly Income | 0.12x | 0.15x | 0.2x |
Median Home Value
Median Rent
Median Income
Sheldon, IA Costs By Category
Detailed Sheldon Services Costs Vs. Iowa
Detailed Sheldon Groceries Costs Vs. Iowa
Detailed Sheldon Health Costs Vs. Iowa
Detailed Sheldon Transportation Costs Vs. Iowa
Detailed Sheldon Utilities Costs Vs. Iowa
Sheldon SnackAbility
/10
Cost Of Living In Cities Around Sheldon
The cost of living varies in the cities and towns around Sheldon. Here's a quick look at the cost of living in the most populous nearby places:
Worthington, MN has a cost of living index of 90, 1.0x Sheldon.
Spencer, IA has a cost of living index of 87, 1.0x Sheldon.
Storm Lake, IA has a cost of living index of 89, 1.0x Sheldon.
| City | Population | Cost Of Living | Vs. Sheldon |
|---|---|---|---|
| Worthington, MN | 13,782 | 90 | 1.0x |
| Spencer, IA | 11,292 | 87 | 1.0x |
| Storm Lake, IA | 11,166 | 89 | 1.0x |
| Brandon, SD | 10,745 | 98 | 1.1x |
| Le Mars, IA | 10,462 | 88 | 1.0x |
| Sioux Center, IA | 8,090 | 96 | 1.1x |
| Harrisburg, SD | 6,645 | 98 | 1.1x |
