Sheridan, ND is a small rural town located in the north-western region of the state. It is bordered by rolling hills and forests, making it an ideal place for those who enjoy outdoor activities like camping and fishing. In terms of cost of living, Sheridan is quite affordable, particularly with regards to rent; 2 Bedroom Rent in Sheridan is $810 compared to the US national average of $1,430. Groceries are also relatively inexpensive in the town with an index score of 94 compared to 100 for the US. There are many local businesses based in Sheridan, such as The City Butcher, Little Sprouts Day Care and Learning Center, and Murphy's Food Town. These companies provide various services and products to the residents of Sheridan and its surrounding areas.
Sheridan has an unemployment rate of 2.6%. The US average is 6.0%.
Sheridan has seen the job market decrease by -4.4% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Sheridan
- The Sales Tax Rate for Sheridan is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Sheridan is 2.0%. 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 $51,856 a year. The US average is $28,555 a year.
- The Median household income of a Sheridan resident is $83,438 a year. The US average is $69,021 a year.