Sheridan Lake, CO
Population 58 · Colorado
About Sheridan Lake, CO
Sheridan Lake is a small community located in Colorado with a population of 58 residents according to the latest US Census Bureau American Community Survey data. The median household income is $39,063 per year, which is 48% below the national median of $75,149. The median age of 29.5 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Sheridan Lake features a median home value of $65,000, which is 73% below the national median of $244,900. This makes Sheridan Lake one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 27 total housing units, 33% are owner-occupied (6 units) and 67% are renter-occupied (12 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Sheridan Lake shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 24.1%, above the national average of 12.4%. Workers in Sheridan Lake have an average one-way commute time of 26.8 minutes.
Education & Demographics
22.2% of Sheridan Lake residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 22.4% White, 22.4% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Sheridan Lake Ranks in Colorado
Cost of Living in Sheridan Lake, CO
Compared to national averages, Sheridan Lake has a median household income of $39,063 (48% below the national median of $75,149). Home values average $65,000, which is 73% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Colorado, Sheridan Lake's income is 56% below the state average of $88,514, and home values are 86% below the state median of $457,127.
Why Live in Sheridan Lake, CO?
Sheridan Lake offers affordable housing with a median home value of $65,000, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%.
Potential considerations include median household income ($39,063) that falls below the national average. However, Sheridan Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Sheridan Lake has a population of 58 with a median age of 29.5 years. Compare Sheridan Lake with other cities to see how it stacks up, or explore all cities in Colorado.
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Demographics
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Economy & Education
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Other Cities in Colorado
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Sheridan Lake
What is the population of Sheridan Lake, CO?
The population of Sheridan Lake, CO is 58 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Colorado.
What is the median household income in Sheridan Lake?
The median household income in Sheridan Lake, CO is $39,063 per year, which is 48% below the national median of $75,149.
What is the median home value in Sheridan Lake?
The median home value in Sheridan Lake, CO is $65,000, which is 73% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Sheridan Lake?
The median monthly rent in Sheridan Lake, CO is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Sheridan Lake?
The unemployment rate in Sheridan Lake, CO is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Sheridan Lake, CO a good place to live?
Sheridan Lake offers a moderate cost of living, affordable housing, and a strong job market. With a population of 58 and a median age of 29.5, the city appeals to young professionals and families.
How educated is Sheridan Lake, CO?
22.2% of residents in Sheridan Lake aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Sheridan Lake?
Key cost-of-living indicators for Sheridan Lake, CO: median home value is $65,000 (73% below national), median rent is $0/month, and median household income is $39,063. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Sheridan Lake?
The poverty rate in Sheridan Lake, CO is 24.1%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Sheridan Lake, CO?
Sheridan Lake's population is 22.4% White, 22.4% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.