What is the cost of living in Sheridan, WY?
According to the most recent data on the cost of living, Sheridan has an overall cost of living index of 106, which is 1.1x higher than the national index of 100.
Compared to Wyoming, Sheridan has a cost of living index that's 1.0x higher than Wyoming's index of 101.
The standard of living in Sheridan ranks as #13 most affordable out of the 17 places we measured in Wyoming. By definition, that implies Sheridan ranks as the #4 most expensive place in the Equality State.
For more reading on life in Sheridan, check out:
Sheridan Cost Of Living Vs. Wyoming
Six factors go into calculating the cost of living index in Sheridan. Here is how it fares on each of the criteria:
The Services index in Sheridan is 100.
The Groceries index in Sheridan is 95.
The Health index in Sheridan is 117.
The Housing index in Sheridan is 100.
The Transportation index in Sheridan is 100.
The Utilities index in Sheridan is 102.
| Living Expense | Sheridan | Wyoming | National Average |
|---|---|---|---|
| Overall | 106 | 101 | 100 |
| Services | 100 | 99 | 100 |
| Groceries | 95 | 97 | 100 |
| Health | 117 | 102 | 100 |
| Housing | 100 | 101 | 100 |
| Transportation | 100 | 104 | 100 |
| Utilities | 102 | 98 | 100 |
Sheridan Cost Of Living Compared To Wyoming Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Wyoming, check out:
Protect your home budget Compare home warranties in Sheridan Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Sheridan, WY Housing Cost Breakdown
Housing swings affordability the most between places in Wyoming, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Sheridan is $432,884.
The Median Rent in Sheridan is $936.
The Median Income in Sheridan is $62,867.
The Home Value To Income in Sheridan is 6.9x.
The Rent To Monthly Income in Sheridan is 0.18x.
