Cost of Living in Sheffield, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
88.0
100 = national avg
-12.0 vs national average
Living Wage (1 Adult)
$38,711
per year
Living Wage (Family of 4)
$91,498
per year
Cost Index by Category
Housing73.8
Food99.1
Transportation88.0
Healthcare99.3
Utilities94.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$700
per month
2 Bedroom
$919
per month
The overall cost of living index in Sheffield is 88.0, which is 12.0% below the national average. Housing costs are below the national average at an index of 73.8. A single adult needs to earn approximately $38,711 per year to cover basic expenses.