Assisted Living Communities in Sheridan, Wyoming

The 2024 Genworth Cost of Care Survey reports that assisted living communities in the Sheridan region set a standard monthly fee of around $6,204 for residential services. This tracks well above Wyoming’s median of $5,730 and surpasses costs in Casper by around $570. Additionally, it runs high compared to fees in cities across state lines, including Idaho Falls, ID, where seniors pay around $3,125 per month for care.

While many families use their own funds or personal assets to pay for assisted living, there are plenty of additional options to cover these costs. Some additional ways to finance assisted living costs include:

• Veterans Benefits
• Life Insurance Policy
• Long-Term Care Insurance
• Reverse Mortgage

For more information about different ways to finance assisted living, visit our Assisted Living in Wyoming page.

Sheridan seniors anticipate monthly assisted living costs of around $6,204. By comparison, nursing homes in the region charge around $8,182 for services in shared living units. On the other hand, in-home care agencies set comparatively budget-friendly monthly fees of around $4,576 for full-time care.

Assisted living facilities in Sheridan and throughout the state fall under the administration of the Department of Health, Office of Healthcare Licensing and Surveys. The HLS office makes sure these facilities comply with all licensing requirements and follow set criteria to ensure quality care. Licenses may be denied, revoked or suspended for noncompliance with any licensure rules.

• Sheridan is a tax-friendly environment for seniors because Wyoming doesn’t have a state income tax. Therefore, retirees won’t pay income tax on any form of retirement income, including Social Security benefits, military pensions and withdrawals from 401(k)s.
• Seniors also benefit from lower-than-average state sales taxes, with the average combined state and local tax rate of 5.39%, the eighth-lowest in the nation. While the combined sales tax rate in Sheridan is a bit higher than the state average, it’s still low compared to the national average. In Sheridan, residents pay 4% for state taxes and 2% for Sheridan County taxes. The combined total of 6% is higher than 100% of Wyoming’s other cities and counties, but groceries and prescription drugs are tax-exempt.
• Seniors benefit from having a local hospital with 88 licensed beds. Sheridan Memorial Hospital is a progressive, state-of-the-art medical facility with a 24/7 emergency department. It also has a specialized cardiology center, a cutting-edge cancer treatment center, orthopedics experts and a full range of surgical and rehabilitation services. Veterans in Sheridan can also receive primary care at the Sheridan Veterans Affairs Medical Center.
• Less violent crime is a major plus for Sheridan residents. On a scale of 1 to 100, with 1 being ideal, Sheridan is rated a 10.6 for violent crime, less than half the national average of 22.7 and lower than the state average of 15.7. Sheridan’s property crime rate is 32.4, lower than the national average of 35.4 but higher than the state average of 28.5.
• Sheridan receives more snow than the national average, and winters can be frigid. It gets about 35 inches of snow compared to 28 inches nationally and has about 189 days each year with overnight lows below freezing. The coldest nighttime low in December is just under 10 degrees. On the flip side, summers tend to be pleasant, with low humidity and a July high around 87 degrees.