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)
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 #69 of 3,142 counties for affordability (top 2%)
Sourced county brief
Sheridan County Median Gross Rent $400 Below State Unweighted County Mean
Median gross rent in Sheridan County, North Dakota, was estimated at $373 per month, which is $400 below the North Dakota unweighted county mean of $773. The official median gross rent as a percentage of household income (GRAPI), recorded in ACS table B25071, was 18.8%. This official percentage is 3.8 percentage points lower than the state unweighted county mean for GRAPI, which was 22.6%. For owner-occupied housing units, the median selected monthly owner cost was $572, compared to the state unweighted county mean of $785. The median home value in the county was recorded at $110,300, which is $65,487 lower than the state unweighted county mean of $175,787. For those in rental units, the median renter-household income was estimated at $38,750 according to ACS table B25119. These figures represent snapshots from the 2020-2024 American Community Survey 5-Year Estimates. 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 18.8% of renter household income in Sheridan County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $373 per month; median selected monthly owner costs are $572. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $14,920 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 North Dakota unweighted mean of county median rents is $773 per month. Sheridan County's $373 median is 51.7% 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
7.1%
of gross income
Max Housing (28% Rule)
$1,462
per month
Owner Cost Burden
11.0%
of gross income
You can likely afford the median home in Sheridan County
Median home value is $110,300. Estimated monthly cost: $881 vs. your max of $1,462.
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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