Sheridan, OR Cost Of Living
Cost Of Living In Sheridan, OR Summary
Cost of living in Sheridan research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Sheridan is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Oregon, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Sheridan is 107, with 100 being the average.
The cost of living index in Sheridan is 1.1x higher than the national average.
Sheridan ranks as the #23 cheapest in Oregon out of 98.
Sheridan ranks as the #3,867 cheapest out of 6,412 in the US.
The median home value in Sheridan is $215,100.
The median income in Sheridan is $53,277.
Table Of Contents
Sheridan's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Sheridan, OR?
According to the most recent data on the cost of living, Sheridan has an overall cost of living index of 107, which is 1.1x higher than the national index of 100.
Compared to Oregon, Sheridan has a cost of living index that's 0.9x lower than Oregon's index of 116.
The standard of living in Sheridan ranks as #23 most affordable out of the 98 places we measured in Oregon. By definition, that implies Sheridan ranks as the #75 most expensive place in the Beaver State.
For more reading on life in Sheridan, check out:
- Living In Sheridan
- Search Homes For Sale In Sheridan, OR
In Oregon
In America
Sheridan Cost Of Living Vs. Oregon
Six factors go into calculating the cost of living index in Sheridan. Here is how it fairs on each of the criteria:
The Services index in Sheridan is 121.
The Groceries index in Sheridan is 113.
The Health index in Sheridan is 117.
The Housing index in Sheridan is 83.
The Transportation index in Sheridan is 129.
The Utilities index in Sheridan is 90.
| Living Expense | Sheridan | Oregon | National Average | |
|---|---|---|---|---|
| Overall | 107 | 116 | 100 | |
| Services | 121 | 106 | 100 | |
| Groceries | 113 | 107 | 100 | |
| Health | 117 | 103 | 100 | |
| Housing | 83 | 140 | 100 | |
| Transportation | 129 | 117 | 100 | |
| Utilities | 90 | 97 | 100 | |
Sheridan, OR Housing Cost Breakdown
Housing swings affordability the most between places in Oregon, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Sheridan is $215,100.
The Median Rent in Sheridan is $965.
The Median Income in Sheridan is $53,277.
The Home Value To Income in Sheridan is 4.0x.
The Rent To Monthly Income in Sheridan is 0.22x.
| Statistic | Sheridan | Oregon | United States |
|---|---|---|---|
| Median Home Value | $215,100 | $362,200 | $244,900 |
| Median Rent | $965 | $1,250 | $1,163 |
| Median Income | $53,277 | $70,084 | $69,021 |
| Home Value To Income | 4.0x | 5.2x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.21x | 0.2x |
Median Home Value
Median Rent
Median Income
Sheridan, OR Costs By Category
Detailed Sheridan Services Costs Vs. Oregon
Detailed Sheridan Groceries Costs Vs. Oregon
Detailed Sheridan Health Costs Vs. Oregon
Detailed Sheridan Transportation Costs Vs. Oregon
Detailed Sheridan Utilities Costs Vs. Oregon
Sheridan SnackAbility
/10
Cost Of Living In Cities Around Sheridan
The cost of living varies in the cities and towns around Sheridan. Here's a quick look at the cost of living in the most populous nearby places:
Keizer, OR has a cost of living index of 114, 1.1x Sheridan.
McMinnville, OR has a cost of living index of 111, 1.0x Sheridan.
Dallas, OR has a cost of living index of 110, 1.0x Sheridan.
| City | Population | Cost Of Living | Vs. Sheridan |
|---|---|---|---|
| Keizer, OR | 39,119 | 114 | 1.1x |
| McMinnville, OR | 34,224 | 111 | 1.0x |
| Dallas, OR | 16,663 | 110 | 1.0x |
| Monmouth, OR | 10,735 | 111 | 1.0x |
| Independence, OR | 9,850 | 107 | 1.0x |
