Cost of Living in Sheridan County, Kansas

$663/mo
Median Monthly Rent
$152,000
Median Home Value

At a Glance

Median Monthly Rent
$663/mo
16% below state average
Median Home Value
$152,000
46% below national
Rent-to-Income Ratio
21.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Sheridan County Compares

Median monthly rent comparison

Sheridan County$663/mo
Kansas Average$787/mo
National Median$1,163/mo

Detailed Housing Stats

$663/mo
Median Gross Rent
$152,000
Median Home Value
$761/mo
Monthly Owner Cost
21.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Sheridan County ranks #329 of 3,144 counties for affordability (top 10%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Sheridan County, Kansas

Sheridan punches above affordability

Sheridan County's 11.4% rent-to-income ratio beats the national average and sits 3.3 percentage points below Kansas's state average of 14.7%. With a median household income of $70,000—only $4,700 below the national median—Sheridan offers genuinely affordable rental housing.

Among Kansas's most affordable counties

At 11.4%, Sheridan ranks well below the state average of 14.7%, placing it in the top tier of affordability across Kansas. The county's $663 median monthly rent significantly undercuts the state average of $787, making housing accessible.

Lower rent, higher income balance

Sheridan's $663 median rent matches well with Stafford County ($613) and Stanton County ($691), but Sheridan's $70,000 median household income edges out most nearby counties. This combination—modest rents paired with stronger earnings—creates the region's best affordability math.

Housing costs stay modest across tenure

Whether renting at $663 or owning at $761 per month, Sheridan residents spend roughly 11–13% of household income on housing, well below the recommended 30% threshold. The median home value of $152,000 remains accessible on the county's median income.

One of Kansas's best housing deals

Sheridan County delivers rare affordability in Kansas: rents and ownership costs stay low while incomes remain reasonable. If you're relocating to the Great Plains, Sheridan deserves serious consideration for budget-conscious families.

Cost of Living Advisory: Sheridan County

Affordability Verdict

Housing in Sheridan County is affordable. The median rent is $663/month against a median household income of $70,000, putting rent at 11.4% of income.

Rent vs. Own

Renters in Sheridan County pay $663/month on average, compared to $761/month for homeowners. This market favors renters by about 13%.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $26,520/year. For owner costs at the 28% rule, the required income is roughly $32,614/year. With a median household income of $70,000, most households can comfortably afford rent here. Notably, 21.0% of renter households in Sheridan County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Within Kansas, Sheridan County is less affordable than Rice County by roughly 8% ($663/mo vs $717/mo).

Affordability Calculator

See how your income compares to housing costs in Sheridan County

$

Rent Burden

11.4%

of gross income

Max Housing (28% Rule)

$1,633

per month

Owner Cost Burden

13.0%

of gross income

You can likely afford the median home in Sheridan County

Median home value is $152,000. Estimated monthly cost: $1,213 vs. your max of $1,633.

Rent Affordability Guide

Your rent-to-income ratio11.4%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $70,000Needed: $26,520
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $70,000Needed: $32,614
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $70,000Needed: $35,375

Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.

Frequently Asked Questions

What is the cost of living in Sheridan County, Kansas?
Sheridan County, Kansas has a median monthly rent of $663/mo and a median home value of $152,000. The affordability rating is Unaffordable, with rent making up approximately 21.0% of median household income.
What is the median rent in Sheridan County?
The median gross rent in Sheridan County is $663/mo. This is 16% below state average for Kansas.
Is Sheridan County affordable?
Sheridan County is rated Unaffordable based on rent-to-income ratio of 21.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Sheridan County's rent compare to the state average?
Sheridan County's median rent of $663/mo is 16% below state average of $787/mo for Kansas.
What is the median home value in Sheridan County?
The median home value in Sheridan County, Kansas is $152,000. This is 46% below the national median home value of $281,900.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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