Cost of Living in Shelby, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
93.2
100 = national avg
-6.8 vs national average
Living Wage (1 Adult)
$41,023
per year
Living Wage (Family of 4)
$96,964
per year
Cost Index by Category
Housing91.1
Food96.1
Transportation92.2
Healthcare96.9
Utilities95.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,148
per month
2 Bedroom
$1,368
per month
The overall cost of living index in Shelby is 93.2, which is 6.8% below the national average. Housing costs are below the national average at an index of 91.1. A single adult needs to earn approximately $41,023 per year to cover basic expenses.