New Hampton, IA vs Sheffield, IA

Sheffield is moderately more affordable than New Hampton, with a 11.9% lower cost of living index. New Hampton scores 70 compared to 63 for Sheffield, where the US average is 100. This difference means residents of New Hampton can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in New Hampton is $838/month compared to $648/month in Sheffield — a 29% difference. Home values follow the same pattern: Sheffield is more affordable at $138,500 median vs $159,200.

Median household income in New Hampton is $61,491 compared to $64,297 in Sheffield (-4.4%). Sheffield offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of New Hampton spend roughly 16.4% of their income on rent, more than the 12.1% in Sheffield.

Climate-wise, New Hampton is notably warmer with an average of 49°F compared to 45.6°F in Sheffield. Sheffield receives more rainfall at 36.3" per year compared to 36.3" in New Hampton.