Cost of Living in Sheridan, TX
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
74.3
100 = national avg
-25.7 vs national average
Living Wage (1 Adult)
$32,686
per year
Living Wage (Family of 4)
$77,257
per year
Cost Index by Category
Housing64.2
Food86.0
Transportation71.9
Healthcare88.8
Utilities84.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$917
per month
2 Bedroom
$1,147
per month
The overall cost of living index in Sheridan is 74.3, which is 25.7% below the national average. Housing costs are below the national average at an index of 64.2. A single adult needs to earn approximately $32,686 per year to cover basic expenses.