Cost of Living in Sheridan, WY
Population 19,035 · Wyoming · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Sheridan a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $295,000.
Located 105 miles southeast of Billings, Sheridan is far enough out that local conditions diverge meaningfully from the big-metro baseline. Housing prices track closely with Billings' $312,000 median.
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 $295,300 — 3% below the national median of $305,000. Median rent runs $933/month, 29% lower than the national median of $1,314/month. The median household income of $61,598/year is 17% lower than the US median of $74,580. The local unemployment rate is 3.2%, below the national average of 4.8%. Wyoming charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 59.7°F and lows of 31.1°F. Overall, Sheridan has a cost of living index of 86 versus the US average of 100, meaning it is 14% less expensive.
🏠 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 | 36 | 38 | 49 | 57 | 66 | 77 | 88 | 87 | 76 | 60 | 47 | 37 |
| Low °F | 12 | 14 | 22 | 30 | 39 | 47 | 54 | 52 | 43 | 31 | 20 | 12 |
| Precip" | 0.61 | 0.65 | 1.02 | 1.87 | 2.68 | 1.98 | 1.07 | 0.71 | 1.47 | 1.57 | 0.76 | 0.54 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Sheridan, WY?
Sheridan has a cost index of 86 (100 = national average). It is 14% below the national average.
What is average rent in Sheridan, WY?
The median gross rent in Sheridan is $933 per month based on 2023 Census data.
What is the average home price in Sheridan?
The median home value in Sheridan is $295,300 according to Zillow and Census data.
What is the median income in Sheridan?
The median household income in Sheridan is $61,598 per year (2023 ACS 5-year estimates).
What is the sales tax in Sheridan, WY?
The combined state and local sales tax rate in Sheridan is 5.3%. Wyoming has no state income tax.
Is Sheridan, WY affordable?
Yes, Sheridan is generally considered affordable, with a cost of living index of 86 — about 14% below the US national average of 100.
What is the weather like in Sheridan?
Sheridan has average high temperatures of 59.7°F and average lows of 31.1°F. Annual precipitation is 14.9". Data from NOAA 1991–2020 Climate Normals.
Sheridan at a Glance
- Population
- 19,035
- Median Income
- $61,598
- Home Value
- $295,300
- Median Rent
- $933/mo
- Unemployment
- 3.2%
- Avg High Temp
- 59.7°F
- Sales Tax
- 5.3%
Explore county-level cost of living data
Wyoming Rankings
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