Cost of Living in Sheridan County, North Dakota
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 #438 of 3,144 counties for affordability (top 14%)
Data Story
About Cost of Living in Sheridan County, North Dakota
Sheridan's rent deals beat national average
Sheridan County's 6.6% rent-to-income ratio is less than half the national norm, making it one of the most affordable rental markets in the country. At just $373 monthly, median rent leaves residents with far more disposable income than typical American households.
Exceptional value in rural North Dakota
Sheridan County ranks as one of North Dakota's most affordable counties, with a rent-to-income ratio of 6.6% compared to the state average of 12.8%. This rural gem's $373 median rent is half the state average of $770, making it a haven for cost-conscious renters.
Unbeatable rents in the region
Sheridan's $373 rent dramatically undercuts nearby Sargent County ($835) and Slope County ($719), though median income here ($67,361) also trails these wealthier neighbors. Home prices reflect the rural character, with median values at just $107,700—the lowest among comparable counties.
Rent leaves room for savings
At $373 monthly, rent consumes only 6.6% of median household income, compared to 12.5% for homeowners paying $543 in monthly costs. This efficiency means Sheridan County residents pocket substantially more of their earnings than peers elsewhere in the state.
Remote workers: consider Sheridan seriously
If housing affordability is your priority, Sheridan County offers unmatched value at less than half the state's median rent. Bring remote income, and you'll experience genuine financial breathing room in one of North Dakota's most economical counties.
Cost of Living Advisory: Sheridan County
Affordability Verdict
Sheridan County offers affordable rental housing at a median of $373/month — about 6.6% of the typical household income here.
Rent vs. Own
The median rent in Sheridan County is $373/month, while owner costs run $543/month. Renting saves approximately $170/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $14,920/year. For owner costs at the 28% rule, the required income is roughly $23,271/year. With a median household income of $67,361, most households can comfortably afford rent here. Notably, 17.0% of renter households in Sheridan County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within North Dakota, Sheridan County is less affordable than Sioux County by roughly 20% ($373/mo vs $466/mo).
Affordability Calculator
See how your income compares to housing costs in Sheridan County
Rent Burden
6.6%
of gross income
Max Housing (28% Rule)
$1,572
per month
Owner Cost Burden
9.7%
of gross income
You can likely afford the median home in Sheridan County
Median home value is $107,700. Estimated monthly cost: $860 vs. your max of $1,572.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
$0/yr
Needed to stay within recommended threshold
$0/yr
Needed to stay within recommended threshold
$0/yr
Needed to stay within recommended threshold
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, North Dakota?
What is the median rent in Sheridan County?
Is Sheridan County affordable?
How does Sheridan County's rent compare to the state average?
What is the median home value in Sheridan County?
Counties with Similar Housing Costs
Planning a Move?
Researching the cost of living in Sheridan County, North Dakota? Compare moving quotes from top providers and save on your relocation.
Compare Moving QuotesCompare Mortgage Rates in Sheridan County
Whether you're buying your first home or refinancing, compare rates from top lenders to find the best deal.
See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
CostByCounty participates in affiliate programs. We may earn a commission when you use our links, at no extra cost to you.