Living in Sherman, Connecticut
Cost of living, income, home prices, rent and demographics of Sherman · Census data 2020–2024
Sherman has 3,554 residents with a median age of 60.2. The median household income is $116,000 (21% higher than the Connecticut median), the median home value is $497,300, the median rent is $2,276/month.
Sherman at a glance
- Population
- 3,554
- Median age
- 60.2State: 41.1
- Median household income
- $116,000State: $95,781
- Median home value
- $497,300State: $366,900
- Median rent
- $2,276/moState: $1,488
- Homeowners
- 94.4%
- Bachelor's degree or higher
- 59.7%
- Average commute
- 40 min
Is Sherman a good place to live?
Pros: Median household income 21% higher than the Connecticut median; unemployment of 3.9%; a poverty rate of 2.2%.
Cons: Home values 36% higher than the state median; an average commute of 40 minutes.
The weather is best in June to September.
Cost of living in Sherman
Housing is the biggest part of the cost of living. In Sherman the median home value is $497,300, 49% higher than the U.S. median. Renters pay a median of $2,276 per month, which is 37.6% of household income. Homeowners with a mortgage pay $3,191 a month in housing costs.
Sherman median household income
The median household income in Sherman is $116,000 and the income per person is $104,553. 2.2% of residents live below the poverty line (Connecticut: 10%).
Housing in Sherman: homes for sale and rent
- Housing units
- 1,919
- Owner-occupied
- 94.4%
- Renter-occupied
- 5.6%
- Vacant
- 17.6%Includes seasonal homes
- Median year built
- 1975
- Average household size
- 2.25
Sherman demographics
- Population
- 3,554
- Median age
- 60.2
- Under 18
- 12.9%
- 65 and older
- 32.9%
- Households
- 1,582
- Foreign-born
- 8%
- Veterans
- 8.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Sherman ›
Education in Sherman
59.7% of adults 25 and older in Sherman have a bachelor's degree or higher (Connecticut: 42.5%), and 25.5% have a graduate or professional degree.
Jobs and commute in Sherman
- Unemployment rate
- 3.9%State: 5.6%
- Average commute
- 40 minState: 27 min
- Work from home
- 41.9%
- Drive alone
- 55.3%
- Public transit
- 0.8%
- Walk to work
- 0%
- Homes with broadband
- 89.3%
Sherman vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Sherman | 3,554 | $116,000 | $497,300 | $2,276 |
| Inglenook | 1,056 | $108,242 | $457,400 | — |
| Sail Harbor | 120 | $247,344 | $1,085,200 | — |
| New Milford | 28,334 | $106,411 | $391,500 | $1,609 |
| Gaylordsville | 740 | $122,407 | $481,500 | — |
| Pawling | 2,005 | $86,792 | $378,600 | $1,416 |
| Knollcrest | 266 | $163,125 | $484,100 | — |
| Chimney Point | 117 | $101,213 | $2,000,001 | — |
| Candlewood Isle | 633 | $250,001 | $1,029,200 | — |
More for people moving to Sherman
Sherman ZIP code ›Weather and climate ›Living in Sherman: FAQ
What is the median household income in Sherman, CT?
The median household income in Sherman is $116,000, 21% higher than the Connecticut median of $95,781 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Sherman?
The median home value in Sherman is $497,300, compared with $366,900 in Connecticut.
How much is rent in Sherman?
The median gross rent in Sherman is $2,276 per month, about 37.6% of household income.
Is Sherman, CT a good place to live?
Pluses: median household income 21% higher than the Connecticut median; unemployment of 3.9%; a poverty rate of 2.2%. Minuses: home values 36% higher than the state median; an average commute of 40 minutes.
What is the median age in Sherman?
The median age in Sherman is 60.2 years (Connecticut: 41.1).
How long is the commute in Sherman?
The average commute to work in Sherman is 40 minutes; 41.9% of workers work from home.
What is the unemployment rate in Sherman?
The unemployment rate in Sherman is 3.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Sherman?
59.7% of adults in Sherman have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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