Cost of living in Sheridan, Indiana

Sheridan, Indiana has about 3,205 people. That count is a 2020–2024 Census average, not a headcount from one day.

A typical home is worth about $195,600.

HUD's fair-market rent for a 2-bedroom in Hamilton County is $1,536 a month. That is the county number, not an apartment listing in Sheridan. It runs from October 2026 through September 2027.

In the Indianapolis-Carmel-Greenwood, IN metro area, prices sit at 95.7 when the U.S. average is 100. That is a 2024 BEA index.

Indiana taxes wages. A typical combined sales tax is 7.0% as of January 1, 2026. That mix is statewide, not Sheridan's exact store tax.

Some places in Indiana add a local wage tax. In 2023 the state average was about 0.35% of income. That is not a Sheridan bill.

In July 2026, a typical Indiana home paid 16.73¢ per kilowatt-hour. That is a state average from EIA, not Sheridan's bill.

EIA does not publish a Indiana gasoline price. For the week of October 12, 2026, the Midwest (PADD 2) all-grades price was $4.237 a gallon. At 12,000 miles a year and 25 mpg, the index counts that as $2,033.76 a year. Those miles are our standard, not a Census figure, and every town in Indiana shares this price.

Among 320 places we list in Indiana with a rent figure, 286 have higher typical rent than Sheridan.