Can A Bus Driver Afford Rent in Sheridan, IN?

Stretched but workable — rent takes 38.4% of gross income.

Sheridan rent: February 2026. Salary: BLS OEWS May 2024 (Indiana state estimate).

Sheridan median rent
$1,525/mo
Bus Driver salary (Indiana)
$47,674/yr
Rent as % of income
38.4%
Gross monthly income works out to about $3,973, and the 30% rule supports up to $1,192/mo in rent. Sheridan's median rent of $1,525 exceeds that threshold by $333/mo, putting a bus driver salary into the rent-burdened range here. A bus driver works roughly 66.5 hours a month to cover that rent.

About rent and a bus driver salary

Transit bus driver pay sits near the US median household income, with municipal and unionized routes often paying more. At the national-average bus driver salary, the 30% rule supports about $1,296 a month in rent.

Cheaper rent nearby

These Indiana cities have lower median rent than Sheridan, which improves the affordability math on a bus driver salary:

Lawrence, IN
$1,524/mo (38.4% of income)
Lawrence, IN
$1,522/mo (38.3% of income)
Merrillville, IN
$1,519/mo (38.2% of income)

Compare with full rent data for Sheridan

View full rent data for Sheridan, IN

Frequently asked questions

Can a bus driver afford rent in Sheridan, IN?

Median rent in Sheridan is $1,525 a month. A typical bus driver in Indiana earns about $47,674 a year, which makes that rent 38.4% of gross monthly income. Under the 30% rule, the answer is no — rent exceeds the 30% threshold.

How much rent can a bus driver afford in Sheridan?

Using the 30% rule, a bus driver salary in Indiana (~$47,674/yr) supports up to $1,192 a month in rent. Sheridan's current median rent is $1,525/mo, which is $333/mo over the affordability threshold.

How many hours does a bus driver work to cover rent in Sheridan?

At an hourly equivalent of about $23 an hour, a bus driver in Indiana works roughly 66.5 hours a month to cover Sheridan's median rent of $1,525.

Where is rent cheaper than Sheridan for a bus driver?

Nearby Indiana cities with lower median rent include Lawrence ($1,524/mo), Lawrence ($1,522/mo), Merrillville ($1,519/mo). Each shifts the affordability math materially on a bus driver salary.

Methodology: Salary uses the BLS-derived Indiana state estimate from OEWS May 2024. Rent is the most recent ZORI monthly value for Sheridan, IN. Affordability applies the 30% rule (rent ≤ 30% of gross income). Real take-home varies with taxes, household composition, overtime, tips, and benefits.