Sheffield, AL Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

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

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
80
Sheffield's Overall Cost Of Living
0.8x
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:

2 out of 115
In Alabama
211 out of 6,412
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
For more reading on cost of living around Alabama, check out:
Sheffield Cost of Living Vs. AL

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
Search Homes For Sale In Sheffield, AL
$105,000
Median Home Value
$725
Median Rent
$36,642
Median Income

Sheffield, AL Costs By Category

Detailed Sheffield Services Costs Vs. Alabama

Item Sheffield Alabama
Shampoo $1.2 $1.06
Movie $13.69 $10.68
Bowling $15.0 $14.67
Haircut $14.55 $18.62
Beauty Salon $36.68 $39.05

Detailed Sheffield Groceries Costs Vs. Alabama

Item Sheffield Alabama
Ground Beef $2.93 $4.22
Fried Chicken $1.52 $1.39
Milk $1.63 $2.05
Potatoes $2.94 $3.29
Pizza $9.64 $10.62
Beer $9.55 $9.38
Toothpaste $1.9 $2.34

Detailed Sheffield Health Costs Vs. Alabama

Item Sheffield Alabama
Optometrist $75.63 $108.57
Doctor $71.33 $116.17
Dentist $79.2 $99.13

Detailed Sheffield Transportation Costs Vs. Alabama

Item Sheffield Alabama
Gasoline $2.04 $2.22
Tire Balancing $46.47 $50.07

Detailed Sheffield Utilities Costs Vs. Alabama

Item Sheffield Alabama
All Electricity $160.98 $167.67
Phone $181.81 $175.64

Sheffield SnackAbility

5
/10
Overall SnackAbility
Jobs
5/10
Housing
5
Affordability
6
Diversity
8
Safety
N/A
Amenities
8
Education
5
Commute
8.5

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

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