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Cost of Living in Sheridan County

Is it better to rent or buy in Sheridan County? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$62,639
$373/mo

Median in area: $373

$110,300

Median in area: $110,300

$22,060

If you Rent

🔑
$667 /mo
Base Rent$373
Est. Utilities$294
% of Income12.8%
Pre-tax Residual$4,553

If you Buy

🏠
$1,037 /mo
P&I (7.306%)$605
Taxes & Ins$138
Est. Utilities$294
% of Income19.9%
Pre-tax Residual$4,183

Compare Nearby Areas

See how Sheridan County stacks up against neighboring areas.

countyPierce County, ND
$784/mo
countyMcHenry County, ND
$781/mo
countyBurleigh County, ND
$1,143/mo
countyWells County, ND
$643/mo
countyMcLean County, ND
$738/mo

Cost of Living FAQs

Is it cheaper to rent or buy in Sheridan County?›

Based on median housing data, renting is currently more affordable on a monthly basis in Sheridan County. The estimated all-in monthly cost for renting is $667, while owning a median-priced home with a 20% down payment is roughly $1,037 per month (a difference of $370).

How much do utilities cost in Sheridan County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Sheridan County is approximately $294. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Sheridan County?›

To comfortably afford the median rent and utilities in Sheridan County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $26,680 per year.