Cost of Living in Sheridan, OR
Population 6,462 · Oregon · Data vintage 2023
(100 = US avg)
Sheridan is a smaller Oregon community of around 6000 residents, where median household incomes of $69,375 and housing costs ($282,000 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 — 6.5% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Located 20 miles northwest of Salem, Sheridan falls within that metro's commuting orbit. Median home values run roughly 26% lower than Salem's $382,000.
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 $281,800 — 8% below the national median of $305,000. Median rent runs $1,109/month, 16% lower than the national median of $1,314/month. The median household income of $69,375/year is 7% lower than the US median of $74,580. The local unemployment rate is 6.5%, above the national average of 4.8%. Oregon's top state income tax rate is 9.9% and the combined sales tax is 0.0%. The climate averages highs of 63.5°F and lows of 42.2°F. Overall, Sheridan has a cost of living index of 89 versus the US average of 100, meaning it is 11% 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
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 47 | 51 | 56 | 61 | 68 | 74 | 83 | 83 | 77 | 64 | 53 | 47 |
| Low °F | 35 | 35 | 37 | 40 | 44 | 48 | 52 | 52 | 48 | 42 | 38 | 34 |
| Precip" | 5.51 | 4.08 | 4.17 | 2.99 | 1.99 | 1.32 | 0.25 | 0.36 | 1.30 | 3.48 | 5.74 | 6.45 |
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Sheridan, OR?
Sheridan has a cost index of 89 (100 = national average). It is 11% below the national average.
What is average rent in Sheridan, OR?
The median gross rent in Sheridan is $1,109 per month based on 2023 Census data.
What is the average home price in Sheridan?
The median home value in Sheridan is $281,800 according to Zillow and Census data.
What is the median income in Sheridan?
The median household income in Sheridan is $69,375 per year (2023 ACS 5-year estimates).
What is the sales tax in Sheridan, OR?
The combined state and local sales tax rate in Sheridan is 0.0%. The Oregon state income tax top rate is 9.9%.
Is Sheridan, OR affordable?
Yes, Sheridan is generally considered affordable, with a cost of living index of 89 — about 11% below the US national average of 100.
What is the weather like in Sheridan?
Sheridan has average high temperatures of 63.5°F and average lows of 42.2°F. Annual precipitation is 37.6". Data from NOAA 1991–2020 Climate Normals.
Sheridan at a Glance
- Population
- 6,462
- Median Income
- $69,375
- Home Value
- $281,800
- Median Rent
- $1,109/mo
- Unemployment
- 6.5%
- Avg High Temp
- 63.5°F
- Sales Tax
- 0.0%
Nearby Cities
Explore county-level cost of living data
Oregon Rankings
Similar Cost Cities
Cities in other states with comparable housing costs