Living in Sherman, Maine
Cost of living, income, home prices, rent and demographics of Sherman · Census data 2020–2024
Sherman has 947 residents with a median age of 33.4. The median household income is $49,444 (34% lower than the Maine median), the median home value is $115,200, the median rent is $672/month.
Sherman is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Sherman at a glance
- Population
- 947
- Median age
- 33.4State: 44.8
- Median household income
- $49,444State: $74,733
- Median home value
- $115,200State: $296,600
- Median rent
- $672/moState: $1,139
- Homeowners
- 88.4%
- Bachelor's degree or higher
- 13.7%
- Average commute
- 22 min
Is Sherman a good place to live?
Pros: Home values 61% lower than the state median; an average commute of 22 minutes.
Cons: Median household income 34% lower than the Maine median; unemployment of 9.3%; a poverty rate of 37.5%.
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 $115,200, 65% lower than the U.S. median. Renters pay a median of $672 per month, which is 19.7% of household income. Homeowners with a mortgage pay $1,365 a month in housing costs.
Sherman median household income
The median household income in Sherman is $49,444 and the income per person is $23,054. 37.5% of residents live below the poverty line (Maine: 10.7%).
Housing in Sherman: homes for sale and rent
- Housing units
- 439
- Owner-occupied
- 88.4%
- Renter-occupied
- 11.6%
- Vacant
- 29.4%Includes seasonal homes
- Median year built
- 1977
- Average household size
- 3.04
Sherman demographics
- Population
- 947
- Median age
- 33.4
- Under 18
- 33.4%
- 65 and older
- 21.2%
- Households
- 310
- Foreign-born
- 1.2%
- Veterans
- 4.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Sherman ›
Education in Sherman
13.7% of adults 25 and older in Sherman have a bachelor's degree or higher (Maine: 36.2%), and 4% have a graduate or professional degree.
Jobs and commute in Sherman
- Unemployment rate
- 9.3%State: 3.8%
- Average commute
- 22 minState: 25 min
- Work from home
- 28.2%
- Drive alone
- 49.2%
- Public transit
- 0%
- Walk to work
- 8.8%
- Homes with broadband
- 75.5%
Sherman vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Sherman | 947 | $49,444 | $115,200 | $672 |
| Stacyville | 465 | $54,583 | $101,700 | $880 |
| Crystal | 247 | $48,125 | $129,200 | $1,563 |
| Patten | 1,154 | $51,484 | $127,600 | $389 |
| Island Falls | 768 | $56,328 | $108,300 | $636 |
| Dyer Brook | 275 | $73,409 | $135,000 | — |
| Mount Chase | 280 | $41,711 | $115,700 | $1,281 |
| Oakfield | 629 | $46,378 | $144,300 | $592 |
| Reed | 105 | $37,250 | $109,600 | — |
More for people moving to Sherman
Sherman ZIP code ›Weather and climate ›Living in Sherman: FAQ
What is the median household income in Sherman, ME?
The median household income in Sherman is $49,444, 34% lower than the Maine median of $74,733 (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 $115,200, compared with $296,600 in Maine.
How much is rent in Sherman?
The median gross rent in Sherman is $672 per month, about 19.7% of household income.
Is Sherman, ME a good place to live?
Pluses: home values 61% lower than the state median; an average commute of 22 minutes. Minuses: median household income 34% lower than the Maine median; unemployment of 9.3%; a poverty rate of 37.5%.
What is the median age in Sherman?
The median age in Sherman is 33.4 years (Maine: 44.8).
How long is the commute in Sherman?
The average commute to work in Sherman is 22 minutes; 28.2% of workers work from home.
What is the unemployment rate in Sherman?
The unemployment rate in Sherman is 9.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Sherman?
13.7% 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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