Living in Sherman, Illinois
Cost of living, income, home prices, rent and demographics of Sherman · Census data 2020–2024
Sherman has 4,386 residents with a median age of 45.6. The median household income is $148,906 (79% higher than the Illinois median), the median home value is $297,800, the median rent is $2,041/month.
Sherman at a glance
- Population
- 4,386
- Median age
- 45.6State: 39
- Median household income
- $148,906State: $83,390
- Median home value
- $297,800State: $263,300
- Median rent
- $2,041/moState: $1,274
- Homeowners
- 90.2%
- Bachelor's degree or higher
- 49.5%
- Average commute
- 21 min
Is Sherman a good place to live?
Pros: Median household income 79% higher than the Illinois median; an average commute of 21 minutes; unemployment of 2.6%; a poverty rate of 2.2%.
Cons: Home values 13% higher than the state median.
The weather is best in May–June and August–September.
Cost of living in Sherman
Housing is the biggest part of the cost of living. In Sherman the median home value is $297,800, 10% lower than the U.S. median. Renters pay a median of $2,041 per month, which is 22.8% of household income. Homeowners with a mortgage pay $1,995 a month in housing costs.
Sherman median household income
The median household income in Sherman is $148,906 and the income per person is $63,847. 2.2% of residents live below the poverty line (Illinois: 11.8%).
Housing in Sherman: homes for sale and rent
- Housing units
- 1,619
- Owner-occupied
- 90.2%
- Renter-occupied
- 9.8%
- Vacant
- 2.1%Includes seasonal homes
- Median year built
- 2001
- Average household size
- 2.66
Sherman demographics
- Population
- 4,386
- Median age
- 45.6
- Under 18
- 21.8%
- 65 and older
- 20.3%
- Households
- 1,585
- Foreign-born
- 0.8%
- Veterans
- 7.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Sherman ›
Education in Sherman
49.5% of adults 25 and older in Sherman have a bachelor's degree or higher (Illinois: 37.8%), and 21.2% have a graduate or professional degree.
Jobs and commute in Sherman
- Unemployment rate
- 2.6%State: 5.8%
- Average commute
- 21 minState: 28 min
- Work from home
- 15.1%
- Drive alone
- 82.7%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 95.8%
Sherman vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Sherman | 4,386 | $148,906 | $297,800 | $2,041 |
| Spaulding | 879 | $105,114 | $220,500 | $698 |
| Riverton | 3,513 | $80,920 | $152,200 | $981 |
| Grandview | 1,243 | $48,819 | $71,500 | $1,069 |
| Cantrall | 142 | $87,500 | $145,800 | $850 |
| Williamsville | 1,314 | $106,731 | $199,300 | $943 |
| Springfield | 113,330 | $66,064 | $162,100 | $975 |
| Dawson | 536 | $76,339 | $91,000 | $850 |
| Athens | 2,102 | $81,192 | $164,000 | $855 |
More for people moving to Sherman
Sherman ZIP code ›Weather and climate ›Living in Sherman: FAQ
What is the median household income in Sherman, IL?
The median household income in Sherman is $148,906, 79% higher than the Illinois median of $83,390 (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 $297,800, compared with $263,300 in Illinois.
How much is rent in Sherman?
The median gross rent in Sherman is $2,041 per month, about 22.8% of household income.
Is Sherman, IL a good place to live?
Pluses: median household income 79% higher than the Illinois median; an average commute of 21 minutes; unemployment of 2.6%; a poverty rate of 2.2%. Minuses: home values 13% higher than the state median.
What is the median age in Sherman?
The median age in Sherman is 45.6 years (Illinois: 39).
How long is the commute in Sherman?
The average commute to work in Sherman is 21 minutes; 15.1% of workers work from home.
What is the unemployment rate in Sherman?
The unemployment rate in Sherman is 2.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Sherman?
49.5% 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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