Sheridan, IL
Population 2,610 · Illinois
About Sheridan, IL
Sheridan is a small town located in Illinois with a population of 2,610 residents according to the latest US Census Bureau American Community Survey data. The median household income is $73,214 per year, which is 3% below the national median of $75,149. The median age of 35 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 features a median home value of $183,200, which is 25% below the national median of $244,900. This positions Sheridan in a moderately priced market relative to the rest of the country. Median monthly rent is $964, 17% below the national average of $1,163/month. Of the 432 total housing units, 79% are owner-occupied (336 units) and 21% are renter-occupied (90 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Sheridan shows an unemployment rate of 7.5%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 16.8%, above the national average of 12.4%. Workers in Sheridan have an average one-way commute time of 44.2 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
3.1% of Sheridan 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 6.4% White, 4.3% Hispanic or Latino, 2.7% Black or African American, and 2.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Sheridan, IL
Compared to national averages, Sheridan has a median household income of $73,214 (3% below the national median of $75,149). Home values average $183,200, which is 25% below the national median. Monthly rent at $964 is 17% below the US average of $1,163. Within Illinois, Sheridan's income is 2% below the state average of $75,072, and home values are 11% above the state median of $165,779.
Why Live in Sheridan, IL?
Sheridan offers affordable housing with a median home value of $183,200, below the US average of $244,900, and rent that’s lower than the national average at $964/month.
Potential considerations include median household income ($73,214) that falls below the national average. However, Sheridan’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Sheridan has a population of 2,610 with a median age of 35 years. Compare Sheridan with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Sheridan
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Marquette Heights | 2,613 | $77,386 | $121,600 | Compare |
| Rockdale | 2,598 | $56,799 | $183,500 | Compare |
| Petersburg | 2,590 | $59,850 | $174,800 | Compare |
| Round Lake Heights | 2,585 | $75,556 | $196,100 | Compare |
| Davis Junction | 2,656 | $103,615 | $198,200 | Compare |
| Rushville | 2,668 | $57,589 | $91,000 | Compare |
| Trenton | 2,673 | $80,227 | $179,200 | Compare |
| Galva | 2,543 | $55,446 | $77,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Sheridan With Other Cities
Frequently Asked Questions about Sheridan
What is the population of Sheridan, IL?
The population of Sheridan, IL is 2,610 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Sheridan?
The median household income in Sheridan, IL is $73,214 per year, which is 3% below the national median of $75,149.
What is the median home value in Sheridan?
The median home value in Sheridan, IL is $183,200, which is 25% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Sheridan?
The median monthly rent in Sheridan, IL is $964, which is 17% below the national average of $1,163/month.
What is the unemployment rate in Sheridan?
The unemployment rate in Sheridan, IL is 7.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Sheridan, IL a good place to live?
Sheridan offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,610 and a median age of 35, the city appeals to a broad range of residents.
How educated is Sheridan, IL?
3.1% of residents in Sheridan 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?
Key cost-of-living indicators for Sheridan, IL: median home value is $183,200 (25% below national), median rent is $964/month, and median household income is $73,214. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Sheridan?
The poverty rate in Sheridan, IL is 16.8%, 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, IL?
Sheridan's population is 6.4% White, 4.3% Hispanic or Latino, 2.7% Black or African American, 2.0% Asian, and 37.8% two or more races. 0.0% of residents are foreign-born.