Boone, IA vs Sheldon, IA

Boone, IA and Sheldon, IA have a very similar cost of living, with only a 3.9% difference in their overall index. Boone scores 69 while Sheldon scores 72 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Boone is $791/month compared to $842/month in Sheldon — a 6% difference. Home values follow the same pattern: Boone is more affordable at $156,400 median vs $173,600.

Median household income in Boone is $67,269 compared to $68,448 in Sheldon (-1.7%). Sheldon does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Boone spend roughly 14.1% of their income on rent, less than the 14.8% in Sheldon.