Sheridan, MN is a small town with a population of 15,855 people. It offers affordable living costs for those looking for an area to settle down in. The average rent for a two bedroom apartment is $830 compared to the national average of $1,430. Additionally, the grocery cost index in Sheridan is 95 compared to 100 in the US on average. \nLocal businesses around Sheridan include: Redwood Pines Country Store, M&M Bar & Grill, Sheridan Mini-Mart and Garden Center, and Kwik Trip. These businesses provide the community with jobs and services that add to the overall livelihood of Sheridan.
Sheridan has an unemployment rate of 5.5%. The US average is 6.0%.
Sheridan has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 5.0%, which is lower than the US average of 33.5%.
Tax Rates for Sheridan
- The Sales Tax Rate for Sheridan is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Sheridan is 7.1%. 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 $31,313 a year. The US average is $37,638 a year.
- The Median household income of a Sheridan resident is $69,107 a year. The US average is $69,021 a year.