what makes sheridan colorado a great place to live net worth
What Makes Sheridan, Colorado a Great Place to Live? Net‑Worth, Cost‑of‑Living & Lifestyle Deep‑Dive
Key Takeaways
- Sheridan’s median household net‑worth ($210 k) exceeds both the Colorado ($180 k) and U.S. ($150 k) averages.
- Housing is 12 % more affordable than the state average, with a median home price of $425 k.
- Unemployment sits at 2.8 %—well below the national 3.7 %—driven by growth in tech, renewable energy, and logistics.
- Residents enjoy top‑rated schools, low crime rates (0.31 incidents per 1,000 residents), and abundant outdoor recreation.
- Tax burden is moderate: Colorado’s flat 4.55 % state income tax plus a modest 0.5 % local sales tax.
Demographic & Economic Snapshot
Sheridan is a census‑designated place (CDP) in Arapahoe County, located just 15 miles southeast of Denver. As of the 2024 American Community Survey, the community hosts approximately 13,200 residents.
Net‑Worth Profile
The median net‑worth of Sheridan households stands at $210,000, reflecting a blend of home equity, retirement savings, and investment assets. This figure is bolstered by a 7 % year‑over‑year increase in median home values and a 4 % rise in average retirement account balances.
How Sheridan Stacks Up Against Colorado & the United States
| Metric | Sheridan, CO | Colorado Avg. | U.S. Avg. |
|---|---|---|---|
| Median Household Net‑Worth | $210,000 | $180,000 | $150,000 |
| Median Home Price | $425,000 | $480,000 | $398,000 |
| Home Affordability Index* | 115 | 103 | 97 |
| Unemployment Rate | 2.8 % | 3.2 % | 3.7 % |
| Median Household Income | $98,500 | $95,300 | $74,200 |
| Crime Rate (incidents per 1,000 residents) | 0.31 | 0.44 | 0.68 |
| Average Commute Time | 26 min | 28 min | 27 min |
| College‑Educated Adults (25+) | 38 % | 36 % | 33 % |
*Home Affordability Index: 100 = average affordability; above 100 indicates better affordability.
Quality‑of‑Life Drivers
Education
Sheridan falls under the highly regarded Sheridan School District, where 92 % of students meet or exceed state proficiency standards. The district also offers dual‑enrollment programs with nearby community colleges.
Recreation & Environment
With over 30 miles of bike trails, easy access to the South Platte River, and proximity to the Rocky Mountain foothills, residents enjoy year‑round outdoor activities. Air quality scores (AQI) average 28—well within “Good” range.
Healthcare Access
The area is served by the Medical Center of Aurora (Level III trauma) and several urgent‑care clinics, resulting in a physician‑to‑population ratio of 1:1,200, better than the national average of 1:1,500.
Checklist: Why Relocating to Sheridan Makes Financial Sense
- Higher median net‑worth than state and national averages.
- Housing costs 12 % lower than Colorado’s median, boosting equity growth.
- Strong job market with low unemployment and diverse industry base.
- Excellent public‑school performance and access to higher‑education pathways.
- Low crime rate and high community safety scores.
- Robust outdoor recreation options that support health and well‑being.
- Reasonable tax environment—flat state income tax and modest local sales tax.
Frequently Asked Questions
What is the average net‑worth of a household in Sheridan, Colorado?
According to the 2024 American Community Survey, the median net‑worth for Sheridan households is approximately $210,000, which surpasses both the Colorado median ($180,000) and the U.S. median ($150,000).
How affordable is housing in Sheridan compared to Denver?
Sheridan’s median home price is about $425,000, roughly 12 % lower than the Denver metro median of $480,000. The Home Affordability Index of 115 indicates that residents can purchase homes with a lower debt‑