Local Economy
The slowing national economy in the years preceding September 11, 2001, combined with national slowdowns following 9/11 had minimal effect on the economy in Sheridan and the surrounding area.
- Annual Cost of Living slightly above average (106%)
- 2-3 bedroom house rents for approx $857/mo
- Since 2002-03 sales tax revenues in Sheridan County have increased 36.6%
INCOME
Per Capita Personal Income -- 2005
| Sheridan, WY | $38,999 |
| State of Wyoming | $37,305 |
| Rocky Mountain Region | $32,889 |
| USA | $34,471 |
The
Median Household/Family Income has trended upward at a constant rate
over the past four years, outpacing the national average. This graph shows Sheridan County's estimated median family income increasing by approximately 3% over the last 5 years.
(Source: US Census Bureau, Wyoming Economic Analysis Division/Wyoming Housing Database Partnership, and the US Department of Housing and Urban Development.)
HOUSING
As reported by County Assessors, the average home price in Sheridan County has risen 27% between 2003 and 2005.
Average Home Price in Sheridan County
| 2003 | $146,776 |
| 2004 | $163,000 |
| 2005 | $186,000 |
From 2000 to 2005, Sheridan County has experienced an 80% increase in the number of building permits for single family dwellings (new construction).
| 2000 | 95 |
| 2001 | 90 |
| 2002 | 106 |
| 2003 | 215 |
| 2004 | 184 |
| 2005 | 171 |
Source: University of Wyoming Research