Sheffield, IA
Population 1,204 · Iowa
About Sheffield, IA
Sheffield is a small community in Iowa with a population of 1,204 residents. The median household income is $64,297 per year, which is near the national average. The median age in Sheffield is 38.7 years.
Housing in Sheffield has a median home value of $138,500 and median monthly rent of $648. Of the 506 total housing units, the majority are owner-occupied, with 355 owner-occupied and 105 renter-occupied units.
The unemployment rate in Sheffield is 2.7% and the poverty rate is 16.3%. 19.3% of residents hold a bachelor's degree or higher. The average commute time is 20.4 minutes.
Cost of Living in Sheffield, IA
Compared to national averages, Sheffield has a median household income of $64,297 (14% below the national median of $75,149). Home values average $138,500, which is 43% below the national median. Monthly rent at $648 is 44% below the US average of $1,163. Within Iowa, Sheffield's income is 5% below the state average of $67,947, and home values are 5% above the state median of $132,237.
Why Live in Sheffield, IA?
Sheffield offers affordable housing with a median home value of $138,500, below the US average of $244,900, and rent that’s lower than the national average at $648/month, and a strong job market with an unemployment rate of just 2.7%. Additionally, the city features short commute times averaging just 20.4 minutes.
Potential considerations include median household income ($64,297) that falls below the national average. However, Sheffield’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Sheffield has a population of 1,204 with a median age of 38.7 years. Compare Sheffield with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Sheffield
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Springville | 1,210 | $96,250 | $175,900 | Compare |
| Lake Park | 1,191 | $73,977 | $153,500 | Compare |
| Clarence | 1,223 | $56,875 | $137,800 | Compare |
| Jewell Junction | 1,225 | $75,313 | $128,300 | Compare |
| Melcher-Dallas | 1,228 | $72,824 | $94,600 | Compare |
| Treynor | 1,228 | $132,679 | $250,000 | Compare |
| University Heights | 1,232 | $105,172 | $393,200 | Compare |
| Laurens | 1,234 | $56,354 | $71,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Iowa
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Sheffield
What is the population of Sheffield, IA?
The population of Sheffield, IA is 1,204 according to the latest Census data.
What is the median household income in Sheffield?
The median household income in Sheffield, IA is $64,297 per year.
What is the median home value in Sheffield?
The median home value in Sheffield, IA is $138,500.
What is the average rent in Sheffield?
The median monthly rent in Sheffield, IA is $648.
What is the unemployment rate in Sheffield?
The unemployment rate in Sheffield, IA is 2.7%.