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Hope, ND vs Sheldon, ND

60
Hope
North Dakota
VS
-21.4%
76
Sheldon
North Dakota

There is a significant gap in the cost of living between these two cities. Hope is 21.4% cheaper than Sheldon. With a cost index of 60 vs 76, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Hope to Sheldon should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in Hope are $110,400 compared to $55,600 in Sheldon, a 99% gap.

Median household income in Hope is $53,750 compared to $55,000 in Sheldon (-2.3%). Sheldon does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget.

Climate-wise, both cities share similar average temperatures (39.8°F vs 42.2°F). Sheldon receives more rainfall at 24" per year compared to 21.7" in Hope.

Income & Cost

Cost of Living Index
Hope
60
21% cheaper
Sheldon
76
Median Household Income
Hope
$53,750
Sheldon
$55,000
2% higher

Housing

Median Rent
Hope
$636
Sheldon
Median Home Value
Hope
$110,400
Sheldon
$55,600
50% cheaper
Population
Hope
321
Sheldon
118

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Hope $2.97
Sheldon $2.97
US $3.07
🥚
Eggs (grade A, large)
Hope $2.43
Sheldon $2.43
US $2.50
🥛
Milk (whole)
Hope $3.91
Sheldon $3.91
US $4.03
🍞
Bread (white)
Hope $1.79
Sheldon $1.79
US $1.85
🍗
Chicken breast
Hope $4.02
Sheldon $4.02
US $4.14
Electricity
Hope $0.15
Sheldon $0.15
US $0.19

Climate

NOAA 30-year normals (1991-2020)

Avg Temp
Hope 39.8°F
Sheldon 42.2°F
Summer High
Hope 81°F
Sheldon 82°F
Winter Low
Hope -3°F
Sheldon 0°F
Rainfall
Hope 21.7"
Sheldon 24"
Rainy Days
Hope 105d
Sheldon 109d