Cost of Living in Sheridan, MT
Population: 788 | Montana
Sheridan is 3% less expensive than the national average.
Cost of Living in Sheridan, MT: What You Need to Know
With a cost of living index of 97, Sheridan, MT is slightly more affordable than average. Living here is 3% cheaper than the national average and 9% above the Montana state average of 89. Sheridan is a small community of 788 residents.
The median household income in Sheridan is $83,264, which is 11% higher than the national median of $75,149.
Climate is another factor for anyone considering a move to Sheridan. The area sees an average annual temperature of 41.8°F, with summers averaging 62°F and winters around 23°F. Annual rainfall totals 9.8 inches spread over roughly 80 days. Cold winters mean higher heating bills, an important cost-of-living consideration.
Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.
Income
- Median Household Income
- $83,264
- vs US Median ($75,149)
- +11%
Housing
- Median Home Value
- $298,600
- Median Monthly Housing Cost
- $696/mo
Climate in Sheridan
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 32 | 35 | 45 | 53 | 62 | 71 | 82 | 81 | 70 | 55 | 41 | 31 |
| Avg °F | 22 | 25 | 33 | 40 | 49 | 57 | 65 | 63 | 55 | 42 | 30 | 21 |
| Low °F | 13 | 14 | 21 | 28 | 36 | 42 | 48 | 46 | 39 | 29 | 19 | 12 |
| Rain" | 0.2 | 0.2 | 0.5 | 1.2 | 1.8 | 1.9 | 0.9 | 0.9 | 0.9 | 0.7 | 0.4 | 0.3 |