Cost of Living in Sheridan, AR
Population 5,063 · Arkansas · Data vintage 2023
(100 = US avg)
Sheridan is a smaller Arkansas community of around 5000 residents, where median household incomes of $61,025 and housing costs ($182,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.
Located 30 miles south of Little Rock, Sheridan falls within that metro's commuting orbit. Median home values run roughly 18% lower than Little Rock's $221,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Sheridan
The median home value in Sheridan is $182,300 — 40% below the national median of $305,000. Median rent runs $757/month, 42% lower than the national median of $1,314/month. The median household income of $61,025/year is 18% lower than the US median of $74,580. The local unemployment rate is 3.6%, below the national average of 4.8%. Arkansas's top state income tax rate is 4.4% and the combined sales tax is 9.5%. Overall, Sheridan has a cost of living index of 59 versus the US average of 100, meaning it is 41% less expensive.
Sheridan has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
Frequently Asked Questions
What is the cost of living in Sheridan, AR?
Sheridan has a cost index of 59 (100 = national average). It is 41% below the national average.
What is average rent in Sheridan, AR?
The median gross rent in Sheridan is $757 per month based on 2023 Census data.
What is the average home price in Sheridan?
The median home value in Sheridan is $182,300 according to Zillow and Census data.
What is the median income in Sheridan?
The median household income in Sheridan is $61,025 per year (2023 ACS 5-year estimates).
What is the sales tax in Sheridan, AR?
The combined state and local sales tax rate in Sheridan is 9.5%. The Arkansas state income tax top rate is 4.4%.
Is Sheridan, AR affordable?
Yes, Sheridan is generally considered affordable, with a cost of living index of 59 — about 41% below the US national average of 100.
Sheridan at a Glance
- Population
- 5,063
- Median Income
- $61,025
- Home Value
- $182,300
- Median Rent
- $757/mo
- Unemployment
- 3.6%
- Sales Tax
- 9.5%
Nearby Cities
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Arkansas Rankings
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