Cost of Living in Sheridan County, Nebraska
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Sheridan County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Sheridan County ranks #844 of 3,144 counties for affordability (top 27%)
Data Story
About Cost of Living in Sheridan County, Nebraska
Sheridan's rent burden beats national norms
Sheridan County residents spend 16.3% of household income on rent, slightly above Nebraska's state average of 14.2% but well below the national squeeze. The county's median household income of $56,900 lags the national median by $17,855, yet rent remains modest at $771 per month—just $12 above the state average.
Mid-pack affordability in Nebraska rankings
Sheridan County ranks in the middle tier of Nebraska counties for housing affordability, with a rent-to-income ratio of 16.3%. This positions it as moderately challenged compared to the state average, suggesting housing costs are manageable but require careful budgeting for renters.
Comparable costs with neighboring counties
Sheridan's $771 rent sits between Sherman County ($866) and Sioux County ($743), making it a middle option in the panhandle. Home values of $102,900 are the lowest among immediate neighbors, offering affordability for buyers seeking entry points into homeownership.
Renters feel the pinch more than buyers
Monthly rent of $771 consumes 16.3% of median income, while mortgage costs run $737—nearly equal but impacting smaller portions of owner-occupied households. The gap reflects Sheridan's economic reality: stable incomes around $57K support modest housing costs, but renters carry a slightly heavier burden than the state average.
Sheridan offers balance for budget-conscious movers
If you're relocating to Nebraska and seeking affordable rent with reasonable income requirements, Sheridan County delivers stability without extreme competition. The county's modest home values ($102,900) and moderate rents make it accessible for families transitioning from higher-cost metros.
Cost of Living Advisory: Sheridan County
Affordability Verdict
Housing in Sheridan County is affordable. The median rent is $771/month against a median household income of $56,900, putting rent at 16.3% of income.
Rent vs. Own
Renters in Sheridan County pay $771/month on average, compared to $737/month for homeowners. This market favors buyers by about 4%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $30,840/year. For owner costs at the 28% rule, the required income is roughly $31,586/year. With a median household income of $56,900, most households can comfortably afford rent here. Notably, 23.0% of renter households in Sheridan County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Deuel County where rent averages $827/month, Sheridan County is approximately 7% less expensive.
Affordability Calculator
See how your income compares to housing costs in Sheridan County
Rent Burden
16.3%
of gross income
Max Housing (28% Rule)
$1,328
per month
Owner Cost Burden
15.5%
of gross income
You can likely afford the median home in Sheridan County
Median home value is $102,900. Estimated monthly cost: $821 vs. your max of $1,328.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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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 (2019-2023) — Informational only. Not financial or legal advice.
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