Sheridan, CO Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Sheridan, CO Summary

Cost of living in Sheridan research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Sheridan is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Colorado, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Sheridan is 102, with 100 being the average.

  • The cost of living index in Sheridan is 1.0x higher than the national average.

  • Sheridan ranks as the #31 cheapest in Colorado out of 111.

  • Sheridan ranks as the #3,380 cheapest out of 6,412 in the US.

  • The median home value in Sheridan is $280,700.

  • The median income in Sheridan is $48,449.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
102
Sheridan's Overall Cost Of Living
1.0x
Higher Than The National Average

What is the cost of living in Sheridan, CO?

According to the most recent data on the cost of living, Sheridan has an overall cost of living index of 102, which is 1.0x higher than the national index of 100.

Compared to Colorado, Sheridan has a cost of living index that's 1.0x lower than Colorado's index of 104.

The standard of living in Sheridan ranks as #31 most affordable out of the 111 places we measured in Colorado. By definition, that implies Sheridan ranks as the #80 most expensive place in the Centennial State.

For more reading on life in Sheridan, check out:

31 out of 111
In Colorado
3,380 out of 6,412
In America

Sheridan Cost Of Living Vs. Colorado

Six factors go into calculating the cost of living index in Sheridan. Here is how it fairs on each of the criteria:

  • The Services index in Sheridan is 112.

  • The Groceries index in Sheridan is 96.

  • The Health index in Sheridan is 99.

  • The Housing index in Sheridan is 92.

  • The Transportation index in Sheridan is 112.

  • The Utilities index in Sheridan is 80.

Living Expense Sheridan Colorado National Average
Overall 102 104 100
Services 112 102 100
Groceries 96 99 100
Health 99 100 100
Housing 92 116 100
Transportation 112 104 100
Utilities 80 90 100
For more reading on cost of living around Colorado, check out:
Sheridan Cost of Living Vs. CO

Sheridan, CO Housing Cost Breakdown

Housing swings affordability the most between places in Colorado, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Sheridan is $280,700.

  • The Median Rent in Sheridan is $1,291.

  • The Median Income in Sheridan is $48,449.

  • The Home Value To Income in Sheridan is 5.8x.

  • The Rent To Monthly Income in Sheridan is 0.32x.

Statistic Sheridan Colorado United States
Median Home Value $280,700 $397,500 $244,900
Median Rent $1,291 $1,437 $1,163
Median Income $48,449 $80,184 $69,021
Home Value To Income 5.8x 5.0x 3.5x
Rent To Monthly Income 0.32x 0.22x 0.2x
Search Homes For Sale In Sheridan, CO
$280,700
Median Home Value
$1,291
Median Rent
$48,449
Median Income

Sheridan, CO Costs By Category

Detailed Sheridan Services Costs Vs. Colorado

Item Sheridan Colorado
Shampoo $0.98 $1.06
Movie $12.9 $10.68
Bowling $19.78 $14.67
Haircut $21.67 $18.62
Beauty Salon $44.29 $39.05

Detailed Sheridan Groceries Costs Vs. Colorado

Item Sheridan Colorado
Ground Beef $4.11 $4.22
Fried Chicken $1.48 $1.39
Milk $1.76 $2.05
Potatoes $3.05 $3.29
Pizza $12.49 $10.62
Beer $8.98 $9.38
Toothpaste $1.89 $2.34

Detailed Sheridan Health Costs Vs. Colorado

Item Sheridan Colorado
Optometrist $104.86 $108.57
Doctor $111.77 $116.17
Dentist $105.51 $99.13

Detailed Sheridan Transportation Costs Vs. Colorado

Item Sheridan Colorado
Gasoline $2.49 $2.22
Tire Balancing $57.16 $50.07

Detailed Sheridan Utilities Costs Vs. Colorado

Item Sheridan Colorado
All Electricity $105.51 $167.67
Phone $186.48 $175.64

Sheridan SnackAbility

6
/10
Overall SnackAbility
Jobs
6/10
Housing
8.5
Affordability
3
Diversity
9
Safety
3
Amenities
8.5
Education
5
Commute
7

Cost Of Living In Cities Around Sheridan

The cost of living varies in the cities and towns around Sheridan. Here's a quick look at the cost of living in the most populous nearby places:

  • Denver, CO has a cost of living index of 116, 1.1x Sheridan.

  • Aurora, CO has a cost of living index of 108, 1.1x Sheridan.

  • Lakewood, CO has a cost of living index of 115, 1.1x Sheridan.

City Population Cost Of Living Vs. Sheridan
Denver, CO 706,799 116 1.1x
Aurora, CO 383,496 108 1.1x
Lakewood, CO 155,608 115 1.1x
Littleton, CO 45,465 118 1.2x
Englewood, CO 33,500 111 1.1x
Wheat Ridge, CO 32,340 110 1.1x
Columbine, CO 25,924 120 1.2x
Sherrelwood, CO 20,069 98 1.0x
Golden, CO 20,041 127 1.2x
Welby, CO 16,260 97 1.0x

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