Cost of Living in Sheldon, IA

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A+
11%
Overall NAT. AVG.
2%
Groceries NAT. AVG.
27%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Sheldon Iowa National
Cost of living8989100
Groceries9897100
Health care9596100
Housing7374100
Transportation9397100
Utilities10495100
Lifestyle & Entertainment9395100
Household Items9597100
Education & Childcare9894100
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Homes For Sale In Sheldon, IA

property for sale

418 Washington Ave

Sheldon, IA
property for sale

608 Pine St

Sheldon, IA
property for sale

123 Normal College Ave

Sheldon, IA
property for sale

703 9th Ave

Sheldon, IA
See the Newest Homes For Sale In Sheldon, IA

Cost Of Living Quick Facts

  • The cost of living in Sheldon is equal to the Iowa average
  • The cost of living in Sheldon is 11% lower than the national average
  • Sheldon housing is 27% lower than the national average
  • Iowa general sales tax is 18% higher than the national average
  • Iowa state income tax is 69% higher than the national average

Most Affordable Places to Live in and Around Sheldon

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$119,297$9,941$2,783$3,579
      Renters$41,854$3,488$977$1,256
      A good way to judge both the affordability of the housing and the cost of living in Sheldon is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Sheldon has a median income of about $119,297 for people who own homes. Based on that number, a maximum of $2,783 should be spent on expenses related to housing. Renters have a slightly different median income, which is $41,854. Based on this average, renters should spend no more than $977 on all rental costs if they want to maintain a non-impoverished standard of living.

      Iowa Sales Tax

      State General Sales Tax With Max Surtax
      Iowa 6% 7%

      Iowa Income Tax

      State Income Tax (Low) Income Tax (High)
      Iowa 4.4% 6%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Archer, IA1197326.7%
      Melvin, IA2447822.0%
      Matlock, IA1218119.3%
      Ashton, IA5498218.0%
      Paullina, IA9718217.9%
      Sheldon, IA5,3348910.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Byron, GA5,334963.6%
      LaBelle, FL5,333945.9%
      Moyock, NC5,33212121.3%
      Granite Shoals, TX5,336945.6%
      Chisago City, MN5,33711010.3%
      Sheldon, IA5,3348910.6%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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