Why Move to Sheridan?
Sheridan is a small town of 869 people in Sheridan County County, sitting at 2,123 feet in elevation. Known as "The Ruby Valley Gem," it combines the best of Montana living — stunning natural beauty, outdoor recreation, and a strong community — with authentic small-town charm.
Montana has no state sales tax and no tax on retirement income, making it financially attractive for both working professionals and retirees. Sheridan specifically offers 18 recreation and attraction sites nearby, a housing affordability ratio of 5.6x, and four distinct seasons.
Cost of Living in Sheridan
The typical home value in Sheridan is $463,881, with homes currently listing at a median of $645,667. The median household income is $83,264.
The affordability ratio (home price ÷ income) is 5.6x, which is above average — plan your budget carefully.
Montana has no state sales tax, which saves residents money on everyday purchases. The state also has no tax on Social Security or other retirement income. Property taxes are moderate, based on assessed value.
Sheridan Housing Market
There are currently 21 homes for sale in Sheridan — up 90.9% from last year, indicating a loosening market. The community has 377 total housing units with a 9.5% vacancy rate.
Inventory data from Zillow Research (Jan 2026). Vacancy & housing units from U.S. Census Bureau ACS 5-Year 2019–2023. Market conditions change — verify current listings before making decisions.
See detailed housing data and percentile rankings on the full Sheridan profile.
Sheridan Weather & Climate
Sheridan experiences four distinct seasons. Summers are warm with July highs averaging 81°F. Winters are cold with January lows around 9°F. Expect about 12" of snow annually.
| Month | Avg High | Avg Low | Precip | Snow |
|---|---|---|---|---|
| Jan | 26°F | 9°F | 0.5" | 1.2" |
| Feb | 22°F | 2°F | 0.6" | 1.5" |
| Mar | 37°F | 17°F | 0.5" | 1.3" |
| Apr | 48°F | 27°F | 1.4" | 2.8" |
| May | 65°F | 42°F | 1.9" | 0.1" |
| Jun | 76°F | 54°F | 2.6" | 0" |
| Jul | 81°F | 59°F | 2" | 0" |
| Aug | 80°F | 58°F | 1.3" | 0" |
| Sep | 71°F | 49°F | 1.3" | 0.1" |
| Oct | 51°F | 33°F | 1.1" | 1.1" |
| Nov | 37°F | 21°F | 0.8" | 1.6" |
| Dec | 27°F | 9°F | 0.7" | 1.8" |
Outdoor Recreation Near Sheridan
Sheridan has access to 18 recreation and attraction sites spanning 5 categories.
Lakes
Nearby lakes include Homestead Lake, McIlwain Lake, Shotgun Reservoir, Burgess Reservoir, Killenbeck Reservoir.
Explore all 18 recreation sites on the full Sheridan profile.
Jobs & Economy in Sheridan
Sheridan has an unemployment rate of 2%, which is at or below the state average — indicating a healthy local job market. The labor force participation rate is 55.9%, which is below average — common in retirement and college communities.
The top industries by employment are Construction (17.6%), Government (15.1%), Retail (14.8%). Approximately 392 residents are employed locally.
Employment by Industry
| Industry | Share of Employment |
|---|---|
| Construction | 17.6% |
| Government | 15.1% |
| Retail | 14.8% |
Montana has no state sales tax and no tax on retirement income, making it attractive for both workers and retirees.
Employment and industry data from U.S. Census Bureau ACS 5-Year 2019–2023. Current conditions may differ.
Schools & Education
Sheridan is served by the Sheridan Public Schools school district with approximately 200 students enrolled.
Graduation rates from OPI/NCES 2022–23. Per-pupil spending from Montana OPI fiscal data.
Healthcare in Sheridan
Sheridan has its own hospital — Sheridan Memorial Hospital (17 beds). The nearest major trauma center is Billings Clinic in Billings, 277.9 miles away — plan accordingly for emergencies.
Hospital data from MT DPHHS 2024. Verify services directly with facilities.
Getting to Sheridan
Sheridan is accessible via the following airports:
- Bozeman Yellowstone Intl — 448 miles (463 min drive)
- Billings Logan Intl — 334 miles (349 min drive)
- Missoula Intl — 554 miles (569 min drive)
- Glacier Park Intl (Kalispell) — 536 miles (551 min drive)
- Great Falls Intl — 394 miles (409 min drive)
Pros & Cons of Living in Sheridan
Pros
- No state sales tax
- Montana outdoor lifestyle
- Low unemployment (2%)
- Has a local hospital
- Authentic small-town community
- No state income tax on retirement
Cons
- Cold winters
- Limited housing inventory
- Limited shopping and dining options
- Distance from major metro areas
- Airport is a significant drive
Frequently Asked Questions
What is the cost of living in Sheridan, Montana?
The typical home value is $463,881. The median household income is $83,264. Montana has no state sales tax, which helps offset costs.
What are winters like in Sheridan?
January lows average 9°F with about 12" of annual snowfall. Winter driving skills and proper vehicle preparation are essential.
Is Sheridan a good place to live?
Sheridan offers 18 nearby recreation sites, a moderate affordability ratio of 5.6x, and four distinct seasons. Montana's lack of sales tax and retirement income tax are significant benefits.
How many homes are for sale in Sheridan?
As of early 2026, there were 21 homes for sale in Sheridan, up 90.9% from the prior year. The community has 377 total housing units with a 9.5% vacancy rate (Census ACS 2019–2023). Check Zillow or local MLS for the most current listings.
What is the job market like in Sheridan?
Sheridan has a 2% unemployment rate, which is at or below the state average. Labor force participation is 55.9%. About 392 residents are employed locally. The leading industry is construction. Montana has no state sales tax, which benefits both businesses and consumers.
What healthcare is available in Sheridan?
Sheridan has a local hospital, Sheridan Memorial Hospital. The nearest major trauma center is Billings Clinic in Billings, 277.9 miles away. There are 4 hospitals within 60 miles.