Cost Of Living
Everyday cost of living expenses like goods and services, housing, groceries, transportation, health care and utilities are far below the national average.
Housing
Impressive scores in the housing category characterize this area, potentially attributed to the availability of affordable housing, strong appreciation rates and high home values.
Health & Safety
Accessible health facilities like hospitals, doctors offices, clinics and nursing homes as well as good air quality are all factors that have led to a high score in this category.
Ratings
According to recent surveys and polls, locals had excellent ratings for walkability to nearby amenities, safety, access to public transit and the overall sense of community in the area.
Amenities
The majority of amenities will be difficult to reach within a short walk, often requiring residents to use a vehicle or public transportation for access.
Commute
Low commute scores could be due to limited access to public transit in this area, as well as longer-than-average work commute times for residents.
Sheridan is a smaller city located in the state of Arkansas. The city has a population of 4,919 inhabitants. The majority of Sheridan residents report their race to be White; this is followed by Black and Asian.
Without the right tools, moving to any new area can be very stressful and challenging. Living in Sheridan, Arkansas could be a positive experience for anyone who puts in the effort to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. To help you find the best places to live in and around Sheridan, AreaVibes has created a livability score using key metrics like cost of living, health & safety, education, housing and more.
Sheridan, AR receives 66/100 for its livability score; this results in a ranking of #81 in Arkansas and #10,036 in the USA. If we consider each of the categories individually, we see that Sheridan ranks well for cost of living (A-) and housing (B). On a less positive note, Sheridan does not have favorable grades for the following: amenities (F). If we take a look at the data, we can find out why.
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Sheridan, the unemployment rate stands at 0.72%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Sheridan excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Sheridan. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Sheridan are affordable. The median home price for Sheridan homes is $157,400, which is 37.2% higher than the Arkansas average. If we take a closer look at the affordability of homes in Sheridan, we’ll see that the home price to income ratio is 3.4, which is 25.9% higher than the Arkansas average.
| Statistic | Sheridan | Arkansas | National |
| Average one way commute | 22min | 22min | 26min |
| Workers who drive to work | 67.7% | 82.7% | 76.4% |
| Workers who carpool | 25.8% | 10.8% | 9.3% |
| Workers who take public transit | 0.0% | 0.4% | 5.1% |
| Workers who bicycle | 0.0% | 0.2% | 0.6% |
| Workers who walk | 0.0% | 1.7% | 2.8% |
| Working from home | 6.2% | 3.2% | 4.6% |
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