Montgomery, IN vs Sheridan, IN

Sheridan is moderately more affordable than Montgomery, with a 6.5% lower cost of living index. Montgomery scores 76 compared to 72 for Sheridan, where the US average is 100. This difference means residents of Montgomery can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Montgomery is $827/month compared to $788/month in Sheridan — a 5% difference. Home values follow the same pattern: Sheridan is more affordable at $177,200 median vs $226,000.

Median household income in Montgomery is $93,750 compared to $65,104 in Sheridan (+44%). While Montgomery is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Montgomery spend roughly 10.6% of their income on rent, less than the 14.5% in Sheridan.