Cost of Living in Sheridan, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
94.6
100 = national avg
-5.4 vs national average
Living Wage (1 Adult)
$41,644
per year
Living Wage (Family of 4)
$98,430
per year
Cost Index by Category
Housing86.1
Food99.8
Transportation99.5
Healthcare99.8
Utilities97.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,267
per month
2 Bedroom
$1,473
per month
The overall cost of living index in Sheridan is 94.6, which is 5.4% below the national average. Housing costs are below the national average at an index of 86.1. A single adult needs to earn approximately $41,644 per year to cover basic expenses.