Sheridan, IN vs Thorntown, IN

Sheridan, IN and Thorntown, IN have a very similar cost of living, with only a 3% difference in their overall index. Sheridan scores 72 while Thorntown scores 74 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 Sheridan is $788/month compared to $871/month in Thorntown — a 10% difference. Interestingly, home values tell a different story: while Sheridan has cheaper rent, Thorntown actually has lower median home values ($173,400 vs $177,200).

Median household income in Sheridan is $65,104 compared to $69,875 in Thorntown (-6.8%). While Thorntown is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Sheridan spend roughly 14.5% of their income on rent, less than the 15% in Thorntown.