Cost of Living in Sheridan, AR
Housing
The housing market plays a significant role in determining the cost of living in Sheridan, AR.
- Housing Index: 86.4 / 100
- Median Home Price is: $185,000
- Average Rent (2 BR Apartment): $1228 per month
- Average Rent (2 BR House): $1335 per month
Considering a move to Sheridan, AR? With a housing index of 86.4, this area remains affordable, especially compared to national averages. The median home price of 185000 offers an attractive option for buyers. Renters looking at a 2-bedroom apartment can expect to pay around 1228, while homes are just slightly higher at 1335. This combination of costs makes it an appealing destination for families and individuals alike. Always factor in job opportunities and local amenities to complete your decision-making process.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Sheridan, AR.
- Electricity Price: $12.36 USD (median by state)
- Natural Gas Price: $17.08 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $208 per month
Living in Sheridan, AR could entail higher utility costs. Electricity costs sit at $12.36, while natural gas is priced at $17.08 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $208 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Sheridan is a financially viable option for your relocation.