States › Colorado › Sheridan

Is Sheridan, CO expensive to live in?

ExpensiveRent takes 31 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,7112% lower than U.S. average
💵 Families earn per year (2026)$65,366about $5,447/month · 25% lower than U.S. average
🔑 House price$380,60014% higher than U.S. average

Rent is higher than in 53% of U.S. cities. A typical house costs about 5.8 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $68,440 a year. That is $33 an hour at a full-time job.

Is rent cheaper than other Colorado cities?

Yes. Rent here is cheaper than in most of Colorado. It is number 26 of 112 cities from cheapest to most expensive.

Sheridan
$1,711
Avon
$2,324
Mead
$1,352
Eaton
$1,810
Salida
$2,426
Estes Park
$2,891
Battlement Mesa
$1,946

How much do households earn in Sheridan?

Under $25k
13.8%
$25k–50k
25.1%
$50k–100k
27.3%
$100k–150k
13.9%
$150k+
9.9%

Share of households by yearly income. 23.8% of households earn $100,000 or more.

Rent by apartment size in Sheridan

SizeSheridanU.S. average
Studio$1,528$1,338
1 bedroom$1,330$1,324
2 bedrooms$1,870$1,509
3 bedrooms$2,214$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Sheridan overall?

Everyday prices in Colorado overall are 3% above the U.S. average (index 103.1, U.S. = 100).

Housing
127
Goods (food, clothes…)
99
Utilities
85
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Sheridan, so the Colorado figure is shown.

Taxes and bills in Sheridan

🏛️ Property tax$2,003a year · 0.53% of home value · U.S. $3,119
⚡ Electric bill$132a month (typical) · U.S. $156

Life in Sheridan

Commute to work27.3 minU.S.: 26.4 min
College degree22.6%U.S.: 35.7%
Own their home59%U.S.: 65.2%
Below poverty line14%U.S.: 12.5%
Unemployment14.5%U.S.: 5.2%

Is it cheaper to rent or buy in Sheridan?

Renting is cheaper right now: about $930 a month less.

Renting
$1,711
Owning
$2,641

Owning assumes a typical $380,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $38,060 for the down payment.

Frequently asked questions

What is the average rent in Sheridan, CO?

Renting in Sheridan costs a median of about $1,711 a month in 2026, including utilities. The Colorado median is $2,080.

How much do I need to make to live in Sheridan?

To keep rent under 30% of income, you need about $68,440 a year, or $33 an hour at a full-time job.

Is Sheridan cheap or expensive?

Sheridan is rated Expensive: rent takes 31.4% of the typical household income of $65,366. It ranks 26th cheapest of 112 Colorado cities we track.

How much are property taxes in Sheridan?

The median homeowner in Sheridan pays $2,003 a year in property taxes, about 0.53% of the median home value.

Is Sheridan more expensive than the national average?

Overall prices in Colorado are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Sheridan?

The median home value in Sheridan is $380,600, about 5.8 times the typical yearly household income.

6,005 people live in Sheridan. Numbers are typical (middle) values.