The Town of Sheridan had a population of 746 as of July 1, 2019.
The primary coordinate point for Sheridan is located at latitude 45.4555 and longitude -112.1969 in Madison County. The formal boundaries for the Town of Sheridan encompass a land area of 1.02 sq. miles and a water area of 0 sq. miles. Madison County is in the Mountain time zone (GMT -7). The elevation is 5,115 feet.
The Town of Sheridan (GNIS ID: 2413279) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
Montana is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Town of Sheridan is located within Sheridan Division of Madison County.
HOUSING AFFORDABILITY INDEX
|Sheridan, MT Housing Affordability Index is 134 |
State of Montana Housing Affordability Index is 110
|The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.|
|Sheridan, MT Wealth Index is 70 |
State of Montana Wealth Index is 79
|The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.|
These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.
More Tools and Resources:
|Total Population||746 (100%)|
|Population in Households||717 (96.1%)|
|Population in Families||551 (73.9%)|
|Population in Group Quarters1||29 ( 3.9%)|
|Median Household Income||$45,847|
|Average Household Income||$62,971|
|Per Capita Income||$30,111|
|Total Housing Units||404 (100%)|
|Owner Occupied HU||293 (72.5%)|
|Renter Occupied HU||66 (16.3%)|
|Vacant Housing Units||45 (11.1%)|
|Median Home Value||$185,593|
|Housing Affordability Index3||134|
|Average Household Size||2.0|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||1.28%|
|Per Capita Income||1.97%|
The table below compares Sheridan to the other 364 incorporated cities, towns and CDPs in Montana by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
|Total Population||# 121||67th|
|Population Density||# 98||73rd|
|Diversity Index||# 200||45th|
|Median Household Income||# 253||31st|
|Per Capita Income||# 164||55th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Montana Census Data Comparison Tool.