Cost of Living in Sheridan, MT
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
129.9
100 = national avg
+29.9 vs national average
Living Wage (1 Adult)
$57,146
per year
Living Wage (Family of 4)
$135,072
per year
Cost Index by Category
Housing147.9
Food113.6
Transportation127.3
Healthcare110.9
Utilities117.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,202
per month
2 Bedroom
$1,540
per month
The overall cost of living index in Sheridan is 129.9, which is 29.9% above the national average. Housing costs are above the national average at an index of 147.9. A single adult needs to earn approximately $57,146 per year to cover basic expenses.