Cost of Living in Sheridan, CO
Population 6,031 · Colorado · Data vintage 2023
(100 = US avg)
Sheridan is a smaller Colorado community of around 6000 residents, where median household incomes of $58,571 and housing costs ($361,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. Unemployment has stayed elevated relative to the national figure — 13.8% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Located 6 miles southeast of Lakewood, Sheridan falls within that metro's commuting orbit. Median home values run roughly 34% lower than Lakewood's $548,000.
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 $360,900 — 18% above the national median of $305,000. Median rent runs $1,595/month, 21% higher than the national median of $1,314/month. The median household income of $58,571/year is 21% lower than the US median of $74,580. The local unemployment rate is 13.8%, above the national average of 4.8%. Colorado's top state income tax rate is 4.4% and the combined sales tax is 7.8%. Overall, Sheridan has a cost of living index of 120 versus the US average of 100, meaning it is 20% more 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
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Sheridan, CO?
Sheridan has a cost index of 120 (100 = national average). It is 20% above the national average.
What is average rent in Sheridan, CO?
The median gross rent in Sheridan is $1,595 per month based on 2023 Census data.
What is the average home price in Sheridan?
The median home value in Sheridan is $360,900 according to Zillow and Census data.
What is the median income in Sheridan?
The median household income in Sheridan is $58,571 per year (2023 ACS 5-year estimates).
What is the sales tax in Sheridan, CO?
The combined state and local sales tax rate in Sheridan is 7.8%. The Colorado state income tax top rate is 4.4%.
Is Sheridan, CO affordable?
Sheridan is above average in cost of living, with an index of 120 — about 20% higher than the national average.
Sheridan at a Glance
- Population
- 6,031
- Median Income
- $58,571
- Home Value
- $360,900
- Median Rent
- $1,595/mo
- Unemployment
- 13.8%
- Sales Tax
- 7.8%
Nearby Cities
Explore county-level cost of living data
Colorado Rankings
Similar Cost Cities
Cities in other states with comparable housing costs