Cost of Living in Shelbina, MO

With a cost of living index of 59, Shelbina, MO is one of the most affordable cities in the country. Living here is 41% cheaper than the national average and 16% below the Missouri state average of 75. Shelbina is a small community of 2,108 residents.

Housing costs are the biggest factor in Shelbina's cost of living. The median monthly rent is $666 (50% below the US median of $1,319), and the median home value sits at $79,500 (74% below the national median of $304,900). At current prices, the median home costs roughly 1.5x the median household income — well within traditional affordability guidelines.

The median household income in Shelbina is $52,176, which is 31% lower than the national median of $75,149. Residents spend roughly 15% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

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.