Granby, CO vs Sheridan, CO

Granby is moderately more affordable than Sheridan, with a 5.4% lower cost of living index. Granby scores 109 compared to 115 for Sheridan, where the US average is 100. This difference means residents of Sheridan can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Granby is $1,292/month compared to $1,595/month in Sheridan — a 19% difference. Interestingly, home values tell a different story: while Granby has cheaper rent, Sheridan actually has lower median home values ($360,900 vs $415,700).

Median household income in Granby is $82,321 compared to $58,571 in Sheridan (+40.5%). Granby offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Granby spend roughly 18.8% of their income on rent, less than the 32.7% in Sheridan. The Granby ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.