Sheridan, AR is a city located in Grant County, Arkansas. It offers an affordable cost of living compared to other parts of the country with the median 2 bedroom rent being just $790, while the US median rent is $1,430. The grocery cost index for Sheridan is also 96 compared to 100 in the US. Sheridan offers a variety of local businesses including Walmart - which operates a Supercenter location - and McGehee Catfish Restaurant - serving some of the best catfish around. It also has Henry's Fine Jewelry & Gifts, which specializes in jewelry and gift items, and Jim's Coffee House, a popular spot for coffee lovers. Additionally, there are several industrial companies in Sheridan such as ThyssenKrupp Bilstein USA LLC - specializing in automotive suspension systems - and G&C Tire Company providing tire services on cars and trucks alike.
Sheridan has an unemployment rate of 3.7%. The US average is 6.0%.
Sheridan has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 30.7%, which is lower than the US average of 33.5%.
Tax Rates for Sheridan
- The Sales Tax Rate for Sheridan is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Sheridan is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Sheridan
- The average income of a Sheridan resident is $26,612 a year. The US average is $37,638 a year.
- The Median household income of a Sheridan resident is $53,192 a year. The US average is $69,021 a year.