Cost of Living in Sheridan County, Wyoming
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 #2,304 of 3,142 counties for affordability (bottom 27%)
Sourced county brief
Sheridan County Median Rent Burden Percentage Reaches 29.0 Percent
The official median gross rent as a percentage of household income (GRAPI) in Sheridan County is 29.0%. This figure is 4.0 percentage points higher than the Wyoming unweighted county mean of 25.0%. For owner-occupied units, the median selected monthly owner cost is $1,230, which is $194 above the state unweighted mean of $1,036. The median home value in the county is $394,900, compared to a state unweighted mean of $346,991. The median gross rent is $939 per month, while the median income for renter-households is $40,339. This analysis uses the official B25071 GRAPI measurement. Data is sourced from the U.S. Census Bureau ACS 2020-2024 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 29.0% 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 $939 per month; median selected monthly owner costs are $1,230. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $37,560 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 Wyoming unweighted mean of county median rents is $941 per month. Sheridan County's $939 median is 0.2% 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
15.8%
of gross income
Max Housing (28% Rule)
$1,666
per month
Owner Cost Burden
20.7%
of gross income
The median home in Sheridan County may be a stretch
Median home value is $394,900. Estimated monthly cost: $3,153 vs. your max of $1,666.
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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