Living in Sherman, Texas
Cost of living, income, home prices, rent and demographics of Sherman · Census data 2020–2024
Sherman has 46,397 residents with a median age of 35.3. The median household income is $58,859 (25% lower than the Texas median), the median home value is $243,500, the median rent is $1,324/month.
Sherman at a glance
- Population
- 46,397
- Median age
- 35.3State: 35.6
- Median household income
- $58,859State: $78,476
- Median home value
- $243,500State: $283,800
- Median rent
- $1,324/moState: $1,403
- Homeowners
- 52.7%
- Bachelor's degree or higher
- 24.2%
- Average commute
- 23 min
Is Sherman a good place to live?
Pros: Home values 14% lower than the state median; an average commute of 23 minutes; unemployment of 2.6%; a poverty rate of 12.7%.
Cons: Median household income 25% lower than the Texas median.
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 $243,500, 27% lower than the U.S. median. Renters pay a median of $1,324 per month, which is 34.3% of household income. Homeowners with a mortgage pay $1,758 a month in housing costs.
Sherman median household income
The median household income in Sherman is $58,859 and the income per person is $33,342. 12.7% of residents live below the poverty line (Texas: 13.8%).
Housing in Sherman: homes for sale and rent
- Housing units
- 19,846
- Owner-occupied
- 52.7%
- Renter-occupied
- 47.3%
- Vacant
- 7.8%Includes seasonal homes
- Median year built
- 1980
- Average household size
- 2.43
Sherman demographics
- Population
- 46,397
- Median age
- 35.3
- Under 18
- 23.9%
- 65 and older
- 15.8%
- Households
- 18,304
- Foreign-born
- 11.3%
- Veterans
- 6.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Sherman ›
Education in Sherman
24.2% of adults 25 and older in Sherman have a bachelor's degree or higher (Texas: 33.8%), and 8.8% have a graduate or professional degree.
Jobs and commute in Sherman
- Unemployment rate
- 2.6%State: 5.3%
- Average commute
- 23 minState: 27 min
- Work from home
- 11.2%
- Drive alone
- 75.3%
- Public transit
- 0.2%
- Walk to work
- 1.6%
- Homes with broadband
- 91.4%
Sherman vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Sherman | 46,397 | $58,859 | $243,500 | $1,324 |
| Knollwood | 701 | $55,819 | — | $1,316 |
| Southmayd | 1,413 | $86,250 | $164,000 | $1,715 |
| Howe | 3,689 | $51,108 | $201,300 | $1,217 |
| Denison | 25,778 | $67,365 | $180,900 | $1,309 |
| Pottsboro | 2,691 | $69,439 | $280,000 | $1,283 |
| Tom Bean | 799 | $88,824 | $232,300 | $1,581 |
| Bells | 2,497 | $92,075 | $232,400 | $981 |
| Sadler | 230 | $48,750 | — | $1,055 |
More for people moving to Sherman
Sherman ZIP code ›Weather and climate ›Living in Sherman: FAQ
What is the median household income in Sherman, TX?
The median household income in Sherman is $58,859, 25% lower than the Texas median of $78,476 (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 $243,500, compared with $283,800 in Texas.
How much is rent in Sherman?
The median gross rent in Sherman is $1,324 per month, about 34.3% of household income.
Is Sherman, TX a good place to live?
Pluses: home values 14% lower than the state median; an average commute of 23 minutes; unemployment of 2.6%; a poverty rate of 12.7%. Minuses: median household income 25% lower than the Texas median.
What is the median age in Sherman?
The median age in Sherman is 35.3 years (Texas: 35.6).
How long is the commute in Sherman?
The average commute to work in Sherman is 23 minutes; 11.2% 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?
24.2% 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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