Cost of Living in Sherman, TX
Population 46,397 · Census ACS 2020–2024 5-year estimates
The median rent in Sherman, TX is $1,324/month, 6% lower than the Texas median and 6% lower than the U.S. median. The median home value is $243,500, 27% lower than the national median. Households earn a median of $58,859 a year, 25% lower than the state median.
Affordability
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Sherman vs. Texas vs. U.S.
| Sherman | Texas | U.S. | |
|---|---|---|---|
| Median rent | $1,324 | $1,403 | $1,413 |
| Median home value | $243,500 | $283,800 | $332,700 |
| Median household income | $58,859 | $78,476 | $80,734 |
| Homeownership rate | 52.7% | 62.6% | 65.2% |
| Bachelor's degree or higher | 24.2% | 33.8% | 35.7% |
| Poverty rate | 12.7% | 13.8% | 12.5% |
| Unemployment rate | 2.6% | 5.3% | 5.2% |
| Work from home | 11.2% | 14.4% | 15.1% |
| Median age | 35.3 | 35.6 | 38.9 |
FAQ
What is the average rent in Sherman, TX?
The median gross rent in Sherman, TX is $1,324 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Sherman, TX?
Using the common 30% rule, renting a median-priced home takes about $52,960 a year in gross income.
Is Sherman, TX expensive to live in?
Rent there is 6% lower than the U.S. median, and the median home costs about 4.1 times the median household income.
Other cities in Texas
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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