Sheridan cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexSheridanOregonNational
Cost of living index105117100
IndexSheridanOregonNational
Goods & Services index122122100
Groceries index116116100
Health care index114114100
Housing index83122100
Transportation index111111100
Utilities index8989100
A general overview of the cost of living index for Sheridan, OR is displayed above. In Sheridan, OR, the overall cost of living index is 105, which is 10% lower than the Oregon average and 5% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Sheridan, OR, the city's goods and services are equal to the Oregon average and 22% higher than the U.S. average.

Did you know?

  • The cost of living in Sheridan is 10% lower than the Oregon average.
  • The cost of living in Sheridan is 5% higher than the national average.
  • The cost of housing in Sheridan is 17% lower than the national average.
  • Oregon general sales tax is 100% lower than the national average.
  • Oregon state income tax is 125% higher than the national average.

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Compare Sheridan, OR Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Sheridan, OR to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Sheridan, OR, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Sheridan, OR salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$53,667$4,472$1,252$1,610
Renters$24,250$2,021$566$728
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Sheridan, OR, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Sheridan, OR homeowners have a median income of $53,667. Using that number, you will come up with a maximum of $1,252 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $24,250, which means there is a maximum of $566 to be spent on the costs of renting a home or apartment.

Oregon Sales Tax

StateGeneral Sales TaxWith Max Surtax
Oregon0%0%

Oregon Income Tax

StateIncome Tax (Low)Income Tax (High)
Oregon5%9.9%
One thing to keep in mind when considering the cost of living in Sheridan, OR is the Oregon sales tax and Oregon income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Oregon sales tax rate is 0% and the maximum surtax that can be charged is 0%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Oregon income tax rates range from 5% to 9.9%.

Goods & Services

ItemSheridanNational avg.Difference
Haircut $25.20$14.5972.7%
Beauty Salon $46.60$34.6834.4%
Toothpaste $3.42$2.4738.3%
Shampoo $1.72$1.0268.3%
Movie $10.15$9.872.9%
Bowling $3.45$4.3921.4%

Groceries

ItemSheridanNational avg.Difference
Ground Beef $4.65$4.483.9%
Fried Chicken $2.69$1.4683.7%
Milk $1.97$2.3616.4%
Potatoes $2.73$3.0610.8%
Pizza $11.00$9.2419.0%
Beer $8.85$8.632.5%

Health Care

ItemSheridanNational avg.Difference
Optometrist $124.50$99.7824.8%
Doctor $131.85$105.0325.5%
Dentist $101.00$88.7013.9%
Ibuprofen $14.45$9.4153.5%
Lipitor $251.31$298.5015.8%

Housing

ItemSheridanNational avg.Difference
Home Price $150,000.00$175,700.0014.6%
Avg. Mortgage Payment $1,517.59$1,081.0340.4%
Apartment Rent $723.00$920.0021.4%

Transportation

ItemSheridanNational avg.Difference
Gasoline $2.30$2.099.9%
Tire Balancing $52.33$45.2915.6%

Utilities

ItemSheridanNational avg.Difference
All Electricity$151.02$170.8011.6%
Phone $25.01$28.2611.5%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Eola, OR011414%
Rickreall, OR4411414%
Willamina, OR1,7661033%
Grand Ronde, OR1,5161077%
Amity, OR1,5681088%
Sheridan, OR6,0811055%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
North Manchester, IN6,08083-17%
Pepper Pike, OH6,07913636%
Steilacoom, WA6,08311919%
Wendell, NC6,08594-6%
Caruthersville, MO6,08685-15%
Sheridan, OR6,0811055%
Source: The Sheridan, OR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.