Sheridan is a historic cattle ranching and coal mining center. Located on the eastern side of the Big Horn Mountains, Sheridan offers quick and easy access to world-class hunting, fishing and other outdoor activities. True West Magazine ranked Sheridan as the #1 top western town in 2006, then ranked Sheridan as #6 in the January/February 2007 issue.

Sheridan is home to the Trail End State Historic Site: the home (built in 1913) of John Benjamin Kendrick, a rancher who became governor of Wyoming and then was elected to 3 terms in the US Senate. The Sheridan Inn is another historic site in Sheridan: opened in 1893 and frequented by folks like Calamity Jane Canary, Yvonne de Carlo, Ernest Hemingway (he was writing A Farewell to Arms during his stay), President William Howard Taft and Buffalo Bill Cody (who sat on the front porch while auditioning talent for his Wild West Show).

During the second week in July, every year, Sheridan hosts the Sheridan, Wyoming Rodeo, one of the premier events on the Pro Rodeo circuit.