Cost of Living in Sheridan County, Wyoming

$950/mo

Median Monthly Rent

$352,200

Median Home Value

1% above state averageUnaffordable

At a Glance

Median Monthly Rent

$950/mo

1% above state average

Median Home Value

$352,200

25% above national

Rent-to-Income Ratio

28.0%

% 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$950/mo

Wyoming Average$937/mo

National Median$1,163/mo

Detailed Housing Stats

$950/mo

Median Gross Rent

$352,200

Median Home Value

$1,181/mo

Monthly Owner Cost

28.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Sheridan County, Wyoming

Sheridan's rent burden tops national norms

Renters in Sheridan County spend 16.1% of their income on housing, edging above the national baseline. That's on par with the nation's affordability squeeze, where housing typically consumes more of a household's paycheck in rural and mountain communities.

A touch above Wyoming's affordability line

Sheridan's 16.1% rent-to-income ratio sits 0.6 percentage points higher than Wyoming's state average of 15.5%. Among Wyoming counties, this places Sheridan in the middle tier—more affordable than mountain resort areas but carrying slightly more housing pressure than the state norm.

Sheridan's rents align with regional peers

At $950 per month, Sheridan's median rent sits between Sublette County ($1,116) and Sweetwater County ($913). The county offers a moderate middle ground for renters seeking stability without the premium prices of nearby mountain counties.

How Sheridan households allocate income

On a median household income of $70,855, Sheridan renters pay $950 monthly while homeowners carry a $1,181 monthly mortgage. Renters dedicate 16.1% of income to housing, while homeowners spend roughly 20% on their monthly costs—a significant gap that reflects Wyoming's homeownership premium.

Consider Sheridan for balanced living costs

If you're relocating to Wyoming, Sheridan offers moderate housing costs alongside regional job opportunities in healthcare and tourism. Compare its 16.1% rent ratio against mountain competitors like Teton (18.7%) and you'll see genuine affordability gains.

Affordability Calculator

See how your income compares to housing costs in Sheridan County

Your Annual Household Income

Rent Burden

16.1%

of gross income

Max Housing (28% Rule)

$1,653

per month

Owner Cost Burden

20.0%

of gross income

The median home in Sheridan County may be a stretch

Median home value is $352,200. Estimated monthly cost: $2,812 vs. your max of $1,653.

Rent Affordability Guide

Your rent-to-income ratio16.1%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Sheridan County, Wyoming?

Sheridan County, Wyoming has a median monthly rent of $950/mo and a median home value of $352,200. The affordability rating is Unaffordable, with rent making up approximately 28.0% of median household income.

What is the median rent in Sheridan County?

The median gross rent in Sheridan County is $950/mo. This is 1% above state average for Wyoming.

Is Sheridan County affordable?

Sheridan County is rated Unaffordable based on rent-to-income ratio of 28.0%. 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 $950/mo is 1% above state average of $937/mo for Wyoming.

What is the median home value in Sheridan County?

The median home value in Sheridan County, Wyoming is $352,200. This is 25% above the national median home value of $281,900.