New Franklin, MO vs Sheldon, MO

Sheldon is moderately more affordable than New Franklin, with a 8.8% lower cost of living index. New Franklin scores 61 compared to 57 for Sheldon, where the US average is 100. This difference means residents of New Franklin can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in New Franklin is $680/month compared to $601/month in Sheldon — a 13% difference. Home values follow the same pattern: Sheldon is more affordable at $76,700 median vs $117,700.

Median household income in New Franklin is $53,056 compared to $42,386 in Sheldon (+25.2%). While New Franklin is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of New Franklin spend roughly 15.4% of their income on rent, less than the 17% in Sheldon.