Sheldon, IA Cost Of Living

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

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

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
89
Sheldon's Overall Cost Of Living
0.9x
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:

42 out of 80
In Iowa
1,460 out of 6,412
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
For more reading on cost of living around Iowa, check out:
Sheldon Cost of Living Vs. IA

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
Search Homes For Sale In Sheldon, IA
$152,900
Median Home Value
$620
Median Rent
$61,369
Median Income

Sheldon, IA Costs By Category

Detailed Sheldon Services Costs Vs. Iowa

Item Sheldon Iowa
Shampoo $0.92 $1.06
Movie $8.83 $10.68
Bowling $9.17 $14.67
Haircut $21.16 $18.62
Beauty Salon $30.55 $39.05

Detailed Sheldon Groceries Costs Vs. Iowa

Item Sheldon Iowa
Ground Beef $4.86 $4.22
Fried Chicken $1.64 $1.39
Milk $2.14 $2.05
Potatoes $3.84 $3.29
Pizza $11.66 $10.62
Beer $8.98 $9.38
Toothpaste $2.27 $2.34

Detailed Sheldon Health Costs Vs. Iowa

Item Sheldon Iowa
Optometrist $125.17 $108.57
Doctor $204.33 $116.17
Dentist $101.0 $99.13

Detailed Sheldon Transportation Costs Vs. Iowa

Item Sheldon Iowa
Gasoline $2.2 $2.22
Tire Balancing $47.72 $50.07

Detailed Sheldon Utilities Costs Vs. Iowa

Item Sheldon Iowa
All Electricity $157.58 $167.67
Phone $182.1 $175.64

Sheldon SnackAbility

8
/10
Overall SnackAbility
Jobs
8.5/10
Housing
5
Affordability
8.5
Diversity
5
Safety
6
Amenities
8
Education
7
Commute
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

Articles About Iowa

Enjoy The Snack?