Sheridan, WY Cost Of Living
Cost Of Living In Sheridan, WY 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 Wyoming, 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 101, with 100 being the average.
The cost of living index in Sheridan is 1.0x higher than the national average.
Sheridan ranks as the #14 cheapest in Wyoming out of 18.
Sheridan ranks as the #3,263 cheapest out of 6,412 in the US.
The median home value in Sheridan is $250,400.
The median income in Sheridan is $52,104.
Table Of Contents
Sheridan's Overall Cost Of Living
Higher Than The National Average
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 101, which is 1.0x higher than the national index of 100.
Compared to Wyoming, Sheridan has a cost of living index that's 1.1x higher than Wyoming's index of 92.
The standard of living in Sheridan ranks as #14 most affordable out of the 18 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:
- Living In Sheridan
- Sheridan Crime Report
- Search Homes For Sale In Sheridan, WY
In Wyoming
In America
Sheridan Cost Of Living Vs. Wyoming
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 109.
The Groceries index in Sheridan is 98.
The Health index in Sheridan is 99.
The Housing index in Sheridan is 100.
The Transportation index in Sheridan is 86.
The Utilities index in Sheridan is 86.
| Living Expense | Sheridan | Wyoming | National Average | |
|---|---|---|---|---|
| Overall | 101 | 92 | 100 | |
| Services | 109 | 98 | 100 | |
| Groceries | 98 | 102 | 100 | |
| Health | 99 | 97 | 100 | |
| Housing | 100 | 80 | 100 | |
| Transportation | 86 | 94 | 100 | |
| Utilities | 86 | 84 | 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 2017-2021. The key points are:
The Median Home Value in Sheridan is $250,400.
The Median Rent in Sheridan is $842.
The Median Income in Sheridan is $52,104.
The Home Value To Income in Sheridan is 4.8x.
The Rent To Monthly Income in Sheridan is 0.19x.
| Statistic | Sheridan | Wyoming | United States |
|---|---|---|---|
| Median Home Value | $250,400 | $237,900 | $244,900 |
| Median Rent | $842 | $878 | $1,163 |
| Median Income | $52,104 | $68,002 | $69,021 |
| Home Value To Income | 4.8x | 3.5x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.15x | 0.2x |
Median Home Value
Median Rent
Median Income
Sheridan, WY Costs By Category
Detailed Sheridan Services Costs Vs. Wyoming
Detailed Sheridan Groceries Costs Vs. Wyoming
Detailed Sheridan Health Costs Vs. Wyoming
Detailed Sheridan Transportation Costs Vs. Wyoming
Detailed Sheridan Utilities Costs Vs. Wyoming
Sheridan SnackAbility
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