Low Income Apartments and Affordable Housing For Rent in Sheridan, WY (2024)

FAQs

Does Wyoming have low income housing? ›

The Wyoming Housing Commission (WHC) owns 195 public housing units. They are located at Westwood Apartments, Waldon Woods and at several other locations throughout Wyoming. Individuals and families pay rent based upon their income directly to the WHC.

The total cost of housing, food, child care, transportation, health care, taxes, and other necessities for a single adult in Sheridan is $37,746 a year — about the same as the annual cost of living for Wyoming of $37,015 yet roughly in line with the national figure of $38,433.

Living in Sheridan offers residents a sparse suburban feel and most residents own their homes. In Sheridan there are a lot of bars and coffee shops. Many families, young professionals, and retirees live in Sheridan and residents tend to be conservative. The public schools in Sheridan are highly rated.

A remote location and long winters might be considered drawbacks, but safe neighborhoods, a fun Western heritage, a nice downtown and bountiful outdoor recreation make Sheridan a place to consider if thinking about a Western retirement.

What is the minimum wage in Wyoming? The Wyoming minimum wage is $7.25 per hour.

Summary. According to data from 2021, the average cost of living in the state is $47,832. As of March 2023, the average home value in Wyoming is estimated to be around $325,091. Utility costs play a significant role in Wyoming's overall cost of living, costing a monthly average of around $399.

Average Cost of Living in Wyoming: $47,832 per year

Wyoming has the lowest average cost of living among all of the Rocky Mountain states, beating out neighbors like Utah, Colorado, Idaho, and Montana.

What is the coldest month in Sheridan Wyoming? ›

Sheridan's coldest month is January when the average temperature overnight is 9.7°F. In July, the warmest month, the average day time temperature rises to 85.2°F.

The crime rate in Sheridan is considerably higher than the national average across all communities in America from the largest to the smallest, although at 19 crimes per one thousand residents, it is not among the communities with the very highest crime rate.

The average household income in Sheridan is $82,489 with a poverty rate of 10.85%. The median age in Sheridan is 39.7 years: 41.1 years for males, and 39 years for females.

Wyoming does not have its own income tax, which means the state will not tax any form of retirement income. This includes Social Security retirement benefits. Property taxes and sales taxes in Wyoming are also among the lowest in the country.

The City of Sheridan and the Sheridan Area Water Supply Joint Powers Board (SAWSJPB) provide clean, safe, reliable drinking water for more than 20,000 residents in the Sheridan area.

Average Cost of Living in Wyoming: $47,832 per year

Wyoming has the lowest average cost of living among all of the Rocky Mountain states, beating out neighbors like Utah, Colorado, Idaho, and Montana.

Why is housing so expensive in Wyoming? Certain areas in Wyoming, like Jackson, are popular with both in-state and out-of-state buyers. With demand high and inventory low, housing prices in these areas outpace the prices in other parts of the state.

As of April 2024, the median home price in WY on single-family homes is $319,999. The median single-family home value for properties over the last 12 months is $330,914. Currently, the State of Wyoming has 21 properties in foreclosure and 5 REOs (real estate bank owned).