Sherman, TX Cost Of Living
Cost Of Living In Sherman, TX Summary
Cost of living in Sherman research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Sherman is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Texas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Sherman is 86, with 100 being the average.
The cost of living index in Sherman is 0.9x lower than the national average.
Sherman ranks as the #149 cheapest in Texas out of 405.
Sherman ranks as the #938 cheapest out of 6,412 in the US.
The median home value in Sherman is $157,900.
The median income in Sherman is $53,536.
Table Of Contents
Sherman's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Sherman, TX?
According to the most recent data on the cost of living, Sherman has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.
Compared to Texas, Sherman has a cost of living index that's 0.9x lower than Texas's index of 92.
The standard of living in Sherman ranks as #149 most affordable out of the 405 places we measured in Texas. By definition, that implies Sherman ranks as the #256 most expensive place in the Lone Star State.
For more reading on life in Sherman, check out:
- Living In Sherman
- Sherman Crime Report
- Search Homes For Sale In Sherman, TX
In Texas
In America
Sherman Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Sherman. Here is how it fairs on each of the criteria:
The Services index in Sherman is 98.
The Groceries index in Sherman is 91.
The Health index in Sherman is 92.
The Housing index in Sherman is 65.
The Transportation index in Sherman is 83.
The Utilities index in Sherman is 101.
| Living Expense | Sherman | Texas | National Average | |
|---|---|---|---|---|
| Overall | 86 | 92 | 100 | |
| Services | 98 | 96 | 100 | |
| Groceries | 91 | 93 | 100 | |
| Health | 92 | 93 | 100 | |
| Housing | 65 | 84 | 100 | |
| Transportation | 83 | 92 | 100 | |
| Utilities | 101 | 104 | 100 | |
Sherman, TX Housing Cost Breakdown
Housing swings affordability the most between places in Texas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Sherman is $157,900.
The Median Rent in Sherman is $1,017.
The Median Income in Sherman is $53,536.
The Home Value To Income in Sherman is 2.9x.
The Rent To Monthly Income in Sherman is 0.23x.
| Statistic | Sherman | Texas | United States |
|---|---|---|---|
| Median Home Value | $157,900 | $202,600 | $244,900 |
| Median Rent | $1,017 | $1,146 | $1,163 |
| Median Income | $53,536 | $67,321 | $69,021 |
| Home Value To Income | 2.9x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Sherman, TX Costs By Category
Detailed Sherman Services Costs Vs. Texas
Detailed Sherman Groceries Costs Vs. Texas
Detailed Sherman Health Costs Vs. Texas
Detailed Sherman Transportation Costs Vs. Texas
Detailed Sherman Utilities Costs Vs. Texas
Sherman SnackAbility
/10
Cost Of Living In Cities Around Sherman
The cost of living varies in the cities and towns around Sherman. Here's a quick look at the cost of living in the most populous nearby places:
Plano, TX has a cost of living index of 114, 1.3x Sherman.
Frisco, TX has a cost of living index of 120, 1.4x Sherman.
McKinney, TX has a cost of living index of 112, 1.3x Sherman.
| City | Population | Cost Of Living | Vs. Sherman |
|---|---|---|---|
| Plano, TX | 282,181 | 114 | 1.3x |
| Frisco, TX | 193,140 | 120 | 1.4x |
| McKinney, TX | 189,394 | 112 | 1.3x |
| Carrollton, TX | 131,388 | 105 | 1.2x |
| Richardson, TX | 115,904 | 110 | 1.3x |
| Allen, TX | 102,778 | 110 | 1.3x |
| Flower Mound, TX | 75,050 | 117 | 1.4x |
| The Colony, TX | 43,489 | 102 | 1.2x |
| Denison, TX | 24,324 | 83 | 1.0x |
| Corinth, TX | 22,216 | 107 | 1.2x |
