Living in Sherman, Mississippi
Cost of living, income, home prices, rent and demographics of Sherman · Census data 2020–2024
Sherman has 545 residents with a median age of 34.5. The median household income is $52,404 (7% lower than the Mississippi median), the median home value is $158,900, the median rent is $982/month.
Sherman is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Sherman at a glance
- Population
- 545
- Median age
- 34.5State: 38.6
- Median household income
- $52,404State: $56,447
- Median home value
- $158,900State: $169,800
- Median rent
- $982/moState: $954
- Homeowners
- 58.1%
- Bachelor's degree or higher
- 14.2%
- Average commute
- 24 min
Is Sherman a good place to live?
Pros: Home values 6% lower than the state median; an average commute of 24 minutes.
Cons: Median household income 7% lower than the Mississippi median; unemployment of 6.2%; a poverty rate of 22.8%.
The weather is best in April–May and September–October.
Cost of living in Sherman
Housing is the biggest part of the cost of living. In Sherman the median home value is $158,900, 52% lower than the U.S. median. Renters pay a median of $982 per month, which is 31.3% of household income. Homeowners with a mortgage pay $1,000 a month in housing costs.
Sherman median household income
The median household income in Sherman is $52,404 and the income per person is $28,140. 22.8% of residents live below the poverty line (Mississippi: 18.9%).
Housing in Sherman: homes for sale and rent
- Housing units
- 243
- Owner-occupied
- 58.1%
- Renter-occupied
- 41.9%
- Vacant
- 16.5%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 2.68
Sherman demographics
- Population
- 545
- Median age
- 34.5
- Under 18
- 22.9%
- 65 and older
- 15.6%
- Households
- 203
- Foreign-born
- 0.4%
- Veterans
- 3.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Sherman ›
Education in Sherman
14.2% of adults 25 and older in Sherman have a bachelor's degree or higher (Mississippi: 25.1%), and 4.4% have a graduate or professional degree.
Jobs and commute in Sherman
- Unemployment rate
- 6.2%State: 5.8%
- Average commute
- 24 minState: 26 min
- Work from home
- 0%
- Drive alone
- 92.8%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 79.3%
Sherman vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Sherman | 545 | $52,404 | $158,900 | $982 |
| Blue Springs | 268 | $44,286 | $158,300 | $733 |
| Saltillo | 4,952 | $80,640 | $204,900 | $999 |
| Tupelo | 37,791 | $66,257 | $212,800 | $976 |
| Ecru | 1,550 | $65,000 | $196,700 | $797 |
| Guntown | 2,594 | $95,625 | $210,600 | $1,038 |
| Pontotoc | 5,806 | $46,167 | $155,800 | $803 |
| Verona | 2,748 | $46,148 | $118,300 | $1,011 |
| New Albany | 7,663 | $51,332 | $161,400 | $973 |
More for people moving to Sherman
Sherman ZIP code ›Weather and climate ›Living in Sherman: FAQ
What is the median household income in Sherman, MS?
The median household income in Sherman is $52,404, 7% lower than the Mississippi median of $56,447 (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 $158,900, compared with $169,800 in Mississippi.
How much is rent in Sherman?
The median gross rent in Sherman is $982 per month, about 31.3% of household income.
Is Sherman, MS a good place to live?
Pluses: home values 6% lower than the state median; an average commute of 24 minutes. Minuses: median household income 7% lower than the Mississippi median; unemployment of 6.2%; a poverty rate of 22.8%.
What is the median age in Sherman?
The median age in Sherman is 34.5 years (Mississippi: 38.6).
How long is the commute in Sherman?
The average commute to work in Sherman is 24 minutes; 0% of workers work from home.
What is the unemployment rate in Sherman?
The unemployment rate in Sherman is 6.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Sherman?
14.2% 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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