Living in Sheridan, Illinois
Cost of living, income, home prices, rent and demographics of Sheridan · Census data 2020–2024
Sheridan has 2,519 residents with a median age of 36.1. The median household income is $85,250 (about the same as the Illinois median), the median home value is $186,400, the median rent is $1,070/month.
Sheridan at a glance
- Population
- 2,519
- Median age
- 36.1State: 39
- Median household income
- $85,250State: $83,390
- Median home value
- $186,400State: $263,300
- Median rent
- $1,070/moState: $1,274
- Homeowners
- 78.8%
- Bachelor's degree or higher
- 4.9%
- Average commute
- 39 min
Is Sheridan a good place to live?
Pros: Median household income about the same as the Illinois median; home values 29% lower than the state median; a poverty rate of 10.9%.
Cons: An average commute of 39 minutes; unemployment of 7.9%.
The weather is best in June to September.
Cost of living in Sheridan
Housing is the biggest part of the cost of living. In Sheridan the median home value is $186,400, 44% lower than the U.S. median. Renters pay a median of $1,070 per month, which is 25.8% of household income. Homeowners with a mortgage pay $1,461 a month in housing costs.
Sheridan median household income
The median household income in Sheridan is $85,250 and the income per person is $18,471. 10.9% of residents live below the poverty line (Illinois: 11.8%).
Housing in Sheridan: homes for sale and rent
- Housing units
- 415
- Owner-occupied
- 78.8%
- Renter-occupied
- 21.2%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1956
- Average household size
- 2.15
Sheridan demographics
- Population
- 2,519
- Median age
- 36.1
- Under 18
- 7.6%
- 65 and older
- 6.9%
- Households
- 415
- Foreign-born
- 0.6%
- Veterans
- 4.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Sheridan ›
Education in Sheridan
4.9% of adults 25 and older in Sheridan have a bachelor's degree or higher (Illinois: 37.8%), and 1.5% have a graduate or professional degree.
Jobs and commute in Sheridan
- Unemployment rate
- 7.9%State: 5.8%
- Average commute
- 39 minState: 28 min
- Work from home
- 10.3%
- Drive alone
- 84.9%
- Public transit
- 0%
- Walk to work
- 0.9%
- Homes with broadband
- 76.1%
Sheridan vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Sheridan | 2,519 | $85,250 | $186,400 | $1,070 |
| Millington | 729 | $81,775 | $230,700 | $1,135 |
| Newark | 1,138 | $99,375 | $241,100 | $1,006 |
| Lake Holiday | 5,641 | $107,875 | $256,400 | $1,496 |
| Somonauk | 1,569 | $84,583 | $234,400 | $993 |
| Leland | 1,065 | $79,583 | $186,800 | $1,054 |
| Millbrook | 243 | $137,560 | $361,900 | — |
| Sandwich | 7,219 | $80,768 | $255,700 | $1,029 |
| Dayton | 271 | $73,750 | $271,000 | — |
More for people moving to Sheridan
Sheridan ZIP code ›Weather and climate ›Living in Sheridan: FAQ
What is the median household income in Sheridan, IL?
The median household income in Sheridan is $85,250, about the same as the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Sheridan?
The median home value in Sheridan is $186,400, compared with $263,300 in Illinois.
How much is rent in Sheridan?
The median gross rent in Sheridan is $1,070 per month, about 25.8% of household income.
Is Sheridan, IL a good place to live?
Pluses: median household income about the same as the Illinois median; home values 29% lower than the state median; a poverty rate of 10.9%. Minuses: an average commute of 39 minutes; unemployment of 7.9%.
What is the median age in Sheridan?
The median age in Sheridan is 36.1 years (Illinois: 39).
How long is the commute in Sheridan?
The average commute to work in Sheridan is 39 minutes; 10.3% of workers work from home.
What is the unemployment rate in Sheridan?
The unemployment rate in Sheridan is 7.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Sheridan?
4.9% of adults in Sheridan have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: