Cost of Living in Shelby, IN
Population: 259 | Indiana
Shelby is 14% less expensive than the national average.
Cost of Living in Shelby, IN: What You Need to Know
With a cost of living index of 86, Shelby, IN is a very affordable place to live. Living here is 14% cheaper than the national average and 8% above the Indiana state average of 78. Shelby is a small community of 259 residents.
The median household income in Shelby is $54,500, which is 27% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.
Everyday prices in the Chicago-Naperville-Elgin, IL-IN (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.
Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.
Income
- Median Household Income
- $54,500
- vs US Median ($75,149)
- -27%
Housing
- Median Home Value
- $128,100
- Median Monthly Housing Cost
- $341/mo
Everyday Prices in Shelby
BLS Average Prices for the Chicago-Naperville-Elgin, IL-IN (Metropolitan Statistical Area) area