Cost of Living in Sheridan, CO
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
122.7
100 = national avg
+22.7 vs national average
Living Wage (1 Adult)
$53,981
per year
Living Wage (Family of 4)
$127,592
per year
Cost Index by Category
Housing169.8
Food94.8
Transportation99.6
Healthcare95.8
Utilities110.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,754
per month
2 Bedroom
$2,089
per month
The overall cost of living index in Sheridan is 122.7, which is 22.7% above the national average. Housing costs are above the national average at an index of 169.8. A single adult needs to earn approximately $53,981 per year to cover basic expenses.