Sheridan, MT
Population 788 · Montana
About Sheridan, MT
Sheridan is a small community located in Montana with a population of 788 residents according to the latest US Census Bureau American Community Survey data. The median household income is $83,264 per year, which is 11% above the national median of $75,149. The median age of 54.8 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Sheridan features a median home value of $298,600, which is 22% above 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 $0, 100% below the national average of $1,163/month. Of the 377 total housing units, 82% are owner-occupied (280 units) and 18% are renter-occupied (61 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Sheridan shows an unemployment rate of 2.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Sheridan have an average one-way commute time of 20.9 minutes.
Education & Demographics
28.3% of Sheridan residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 6.2% White, 1.4% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 3.8% of the population being foreign-born.
How Sheridan Ranks in Montana
Cost of Living in Sheridan, MT
Compared to national averages, Sheridan has a median household income of $83,264 (11% above the national median of $75,149). Home values average $298,600, which is 22% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Montana, Sheridan's income is 27% above the state average of $65,821, and home values are 3% above the state median of $288,703.
Why Live in Sheridan, MT?
Sheridan offers a strong local economy with a median household income of $83,264, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 2.0%. Additionally, the city features a low poverty rate of 5.7%, better than the national average, and short commute times averaging just 20.9 minutes.
Sheridan has a population of 788 with a median age of 54.8 years. Compare Sheridan with other cities to see how it stacks up, or explore all cities in Montana.
Similar Cities Near Sheridan
Cities in Montana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Gardiner | 791 | $57,835 | $609,200 | Compare |
| Spokane Creek | 783 | $137,552 | $699,500 | Compare |
| Scobey | 824 | $49,797 | $184,800 | Compare |
| Fairfield | 746 | $66,544 | $203,000 | Compare |
| Batavia | 740 | $61,346 | $310,000 | Compare |
| Pioneer Junction | 734 | $42,250 | $264,400 | Compare |
| Big Sandy | 844 | $58,083 | $129,600 | Compare |
| Pinesdale | 847 | $70,694 | $198,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Montana
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, MT?
The population of Sheridan, MT is 788 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Montana.
What is the median household income in Sheridan?
The median household income in Sheridan, MT is $83,264 per year, which is 11% above the national median of $75,149.
What is the median home value in Sheridan?
The median home value in Sheridan, MT is $298,600, which is 22% above 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, MT is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Sheridan?
The unemployment rate in Sheridan, MT is 2.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Sheridan, MT a good place to live?
Sheridan offers above-average incomes, a competitive housing market, and a strong job market. With a population of 788 and a median age of 54.8, the city appeals to established professionals and retirees.
How educated is Sheridan, MT?
28.3% 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, MT: median home value is $298,600 (22% above national), median rent is $0/month, and median household income is $83,264. The home-value-to-income ratio is 3.6x, a moderate figure by national standards.
What is the poverty rate in Sheridan?
The poverty rate in Sheridan, MT is 5.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Sheridan, MT?
Sheridan's population is 6.2% White, 1.4% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 3.8% of residents are foreign-born.