salaryRent is lower than in 87% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.
How much money do I need?
To rent here comfortably, you should earn about $40,840 a year. That is $20 an hour at a full-time job.
Is rent cheaper than other Ohio cities?
Yes. Rent here is cheaper than in most of Ohio. It is number 60 of 288 cities from cheapest to most expensive.
How much do households earn in Shelby?
Share of households by yearly income. 10.5% of households earn $100,000 or more.
Rent by apartment size in Shelby
| Size | Shelby | U.S. average |
|---|---|---|
| Studio | $508 | $1,338 |
| 1 bedroom | $532 | $1,324 |
| 2 bedrooms | $874 | $1,509 |
| 3 bedrooms | $1,040 | $1,698 |
| 4 bedrooms | $1,249 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Shelby overall?
Everyday prices in Ohio overall are 7% below the U.S. average (index 92.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Shelby, so the Ohio figure is shown.
Taxes and bills in Shelby
Life in Shelby
Is it cheaper to rent or buy in Shelby?
Buying is cheaper month to month: about $173 a month less than renting.
Owning assumes a typical $122,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $12,220 for the down payment.
Frequently asked questions
What is the average rent in Shelby, OH?
Renting in Shelby costs a median of about $1,021 a month in 2026, including utilities. The Ohio median is $1,261.
How much do I need to make to live in Shelby?
To keep rent under 30% of income, you need about $40,840 a year, or $20 an hour at a full-time job.
Is Shelby cheap or expensive?
Shelby is rated Cheap: rent takes 19.5% of the typical household income of $62,932. It ranks 60th cheapest of 288 Ohio cities we track.
How much are property taxes in Shelby?
The median homeowner in Shelby pays $1,332 a year in property taxes, about 1.09% of the median home value.
Is Shelby more expensive than the national average?
Overall prices in Ohio are 7% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Shelby?
The median home value in Shelby is $122,200, about 1.9 times the typical yearly household income.
8,865 people live in Shelby. Numbers are typical (middle) values.