Greencastle, IN vs Sheridan, IN

Greencastle, IN and Sheridan, IN have a very similar cost of living, with only a 1.5% difference in their overall index. Greencastle scores 73 while Sheridan scores 72 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Greencastle is $904/month compared to $788/month in Sheridan — a 15% difference. Interestingly, home values tell a different story: while Sheridan has cheaper rent, Greencastle actually has lower median home values ($154,000 vs $177,200).

Median household income in Greencastle is $54,217 compared to $65,104 in Sheridan (-16.7%). Sheridan offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Greencastle spend roughly 20% of their income on rent, more than the 14.5% in Sheridan.