Sheridan County, Montana

Income Data

+2% vs. Montana average
$63,654
Median Household Income
$41,202
Per Capita Income

At a Glance

Median Household Income
$63,654
+2% vs. state avg
Per Capita Income
$41,202
+4% vs. national
Income-to-Housing Ratio
57.0%
income as % of home value
Rank in Montana
#24 / 56
by median household income

How Sheridan County Compares

Sheridan County$63,654
Montana Average$62,295
National Median$74,755

Detailed Income Statistics

$63,654
Median Household Income
$41,202
Per Capita Income
$111,600
Median Home Value
57.0%
Income-to-Housing Ratio

Data Story

About Household Income in Sheridan County, Montana

Sheridan approaches the national baseline

Sheridan County's median household income of $63,654 is 14.9% below the U.S. median of $74,755, yet it remains stronger than many rural communities nationwide. The county's per capita income of $41,202 shows solid earning capacity relative to population.

Mid-range for Montana

Sheridan's $63,654 slightly exceeds Montana's state average of $62,295 by 2.2%, signaling a relatively balanced local economy. The county avoids the severe income constraints facing eastern Montana's most isolated areas.

Sheridan ranks solidly among peers

Sheridan's $63,654 places it sixth in this eight-county comparison, ahead of Roosevelt ($53,125), Rosebud ($56,430), Sanders ($54,035), and Silver Bow ($57,504). Only Ravalli and Stillwater counties command noticeably higher household incomes.

Excellent housing affordability

Sheridan's rent-to-income ratio of 14.1% ranks among Montana's best, and its median home value of just $111,600 makes homeownership highly accessible. Combined, these factors mean housing costs pose minimal burden on household finances.

Build equity through homeownership

Sheridan's low housing costs—both rent and purchase price—create an exceptional opportunity for wealth building through property ownership. Households can use savings from affordable housing to fund retirement accounts, education investments, or additional income-generating assets.

Frequently Asked Questions

What is the median household income in Sheridan County, Montana?
The median household income in Sheridan County, Montana is $63,654, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Sheridan County?
The per capita income in Sheridan County is $41,202, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $63,654.
How does Sheridan County compare to the Montana average?
Sheridan County's median household income of $63,654 is higher than the Montana state average of $62,295. The per capita income is $41,202, compared to the state average of $35,700.
What is the per capita income in Sheridan County, Montana?
The per capita income in Sheridan County, Montana is $41,202, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Why is Sheridan County income higher than the Montana average?
Sheridan County's median household income of $63,654 is higher than the Montana average of $62,295. This difference of $1,359 can be attributed to factors such as local industry mix, proximity to major employment centers, educational attainment levels, and cost of living. Counties with higher incomes often have a greater concentration of professional and technical occupations.
How does Sheridan County rank for income in Montana?
Sheridan County ranks #24 out of 56 counties in Montana by median household income (1 = highest). With a median household income of $63,654 and per capita income of $41,202, it falls in the middle third of counties statewide.

Income Comparison Calculator

See how your household income compares in Sheridan County

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Your income is above the Sheridan County median

County median: $63,654 per year

vs. County Median

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vs. State Average

+2%

vs. National Median

-15%

vs. Sheridan County MedianAbout equal
vs. Montana Average2% above
vs. National Median15% below

Income Adequacy

Monthly income covers median rent7.1x

Your monthly income ($5,305) vs. median rent ($749/mo). A ratio of 3.3x or higher means rent is under 30% of income.

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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.