Cost of Living in Sheridan County, Montana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Sheridan County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Sheridan County ranks #784 of 3,142 counties for affordability (top 25%)
Sourced county brief
Sheridan County Median Home Value Estimated at $124,000
The median home value in Sheridan County was estimated at $124,000, which is $152,877 below the Montana unweighted county mean of $276,877. For renter households, the median gross rent was $746 per month, compared to the state unweighted county mean of $842. The official ACS B25071 median gross rent as a percentage of household income (GRAPI) was 31.0%. This is 6.9 percentage points higher than the Montana unweighted county mean official GRAPI of 24.1%. Median renter-household income in the county was $41,705. For homeowners, the median selected monthly owner cost for all units was $749, below the state unweighted county mean of $842. This data represents a snapshot of the housing landscape in Sheridan County based on the 2020-2024 American Community Survey. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Sheridan County
Affordability Verdict
ACS B25071 estimates median gross rent at 31.0% of renter household income in Sheridan County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $746 per month; median selected monthly owner costs are $749. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $29,840 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Montana unweighted mean of county median rents is $842 per month. Sheridan County's $746 median is 11.4% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Sheridan County
Rent Burden
12.8%
of gross income
Max Housing (28% Rule)
$1,637
per month
Owner Cost Burden
12.8%
of gross income
You can likely afford the median home in Sheridan County
Median home value is $124,000. Estimated monthly cost: $990 vs. your max of $1,637.
Rent Affordability Guide
Income Needed Calculator
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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
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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