Cost of Living in Sheridan, CO

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C
16%
Overall NAT. AVG.
6%
Groceries NAT. AVG.
40%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Sheridan Colorado National
Cost of living116115100
Groceries106104100
Health care106107100
Housing140136100
Transportation103106100
Utilities109108100
Lifestyle & Entertainment106107100
Household Items102105100
Education & Childcare111111100
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Homes For Sale In Sheridan, CO

property for sale

2860 W Dartmouth Ave

Denver, CO
property for sale

3650 S Federal Blvd

Englewood, CO
property for sale

4529 S Lowell Blvd Unit B

Denver, CO
property for sale

2929 W Floyd Ave #306

Denver, CO
See the Newest Homes For Sale In Sheridan, CO

Cost Of Living Quick Facts

  • The cost of living in Sheridan is 1% higher than the Colorado average
  • The cost of living in Sheridan is 16% higher than the national average
  • Sheridan housing is 40% higher than the national average
  • Colorado general sales tax is 43% lower than the national average
  • Colorado state income tax is 69% higher than the national average

Most Affordable Places to Live in and Around Sheridan

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Compare Sheridan, CO Cost of Living

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      The best places in Colorado

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$71,612$5,968$1,671$2,149
      Renters$66,669$5,556$1,556$2,000
      A good way to judge both the affordability of the housing and the cost of living in Sheridan is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Sheridan has a median income of about $71,612 for people who own homes. Based on that number, a maximum of $1,671 should be spent on expenses related to housing. Renters have a slightly different median income, which is $66,669. Based on this average, renters should spend no more than $1,556 on all rental costs if they want to maintain a non-impoverished standard of living.

      Colorado Sales Tax

      State General Sales Tax With Max Surtax
      Colorado 2.9% 10%

      Colorado Income Tax

      State Income Tax (Low) Income Tax (High)
      Colorado 4.4% 4.4%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Glendale CDP, CO801099.1%
      Lakeside, CO69010.0%
      Federal Heights, CO14,024955.1%
      North Washington, CO676990.9%
      Derby, CO9,36511110.6%
      Sheridan, CO6,19511616.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Monticello, KY6,1938416.2%
      Louisville, MS6,1938515.4%
      Harris Hill, NY6,19712222.1%
      Kodiak, AK6,19812525.0%
      East Pasadena, CA6,19819393.0%
      Sheridan, CO6,19511616.0%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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