Sheridan, MI is an affordable city for renters looking for a two bedroom apartment. Renting a two bedroom apartment in Sheridan costs $960, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Sheridan is 91 compared to 100 nationally. This suggests that food items are more affordable in Sheridan than the national average.
The quaint city of Sheridan offers many amenities to its residents. For example, there are several local businesses including the Sibley's General Store and Bakery, The Beer Garden Restaurant & Bar, and The Old Mill Cafe & Creamery. These businesses provide unique experiences to those who visit and support the local economy.
Sheridan has an unemployment rate of 5.8%. The US average is 6.0%.
Sheridan has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 32.4%, which is lower than the US average of 33.5%.
Tax Rates for Sheridan
- The Sales Tax Rate for Sheridan is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Sheridan is 4.3%. 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 $21,766 a year. The US average is $28,555 a year.
- The Median household income of a Sheridan resident is $52,083 a year. The US average is $69,021 a year.