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 103, with 100 being the average.
The cost of living index in Sherman is 1.0x higher than the national average.
Sherman ranks as the #265 cheapest in Texas out of 414.
Sherman ranks as the #2,952 cheapest out of 6,489 in the US.
The median home value in Sherman is $260,053.
The median income in Sherman is $60,935.
Table Of Contents
Sherman's Overall Cost Of Living
Higher 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 103, which is 1.0x higher than the national index of 100.
Compared to Texas, Sherman has a cost of living index that's 1.1x higher than Texas's index of 92.
The standard of living in Sherman ranks as #265 most affordable out of the 414 places we measured in Texas. By definition, that implies Sherman ranks as the #149 most expensive place in the Lone Star State.
For more reading on life in Sherman, check out:
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 123.
The Groceries index in Sherman is 99.
The Health index in Sherman is 111.
The Housing index in Sherman is 78.
The Transportation index in Sherman is 96.
The Utilities index in Sherman is 113.
| Living Expense | Sherman | Texas | National Average | |
|---|---|---|---|---|
| Overall | 103 | 92 | 100 | |
| Services | 123 | 97 | 100 | |
| Groceries | 99 | 97 | 100 | |
| Health | 111 | 93 | 100 | |
| Housing | 78 | 82 | 100 | |
| Transportation | 96 | 94 | 100 | |
| Utilities | 113 | 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 2019-2023. The key points are:
The Median Home Value in Sherman is $260,053.
The Median Rent in Sherman is $1,177.
The Median Income in Sherman is $60,935.
The Home Value To Income in Sherman is 4.3x.
The Rent To Monthly Income in Sherman is 0.23x.
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
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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 129, 1.3x Sherman.
Frisco, TX has a cost of living index of 139, 1.3x Sherman.
McKinney, TX has a cost of living index of 130, 1.3x Sherman.
| City | Population | Cost Of Living | Vs. Sherman |
|---|---|---|---|
| Plano, TX | 287,339 | 129 | 1.3x |
| Frisco, TX | 210,238 | 139 | 1.3x |
| McKinney, TX | 202,314 | 130 | 1.3x |
| Carrollton, TX | 132,741 | 120 | 1.2x |
| Richardson, TX | 118,269 | 123 | 1.2x |
| Allen, TX | 107,684 | 129 | 1.3x |
| Flower Mound, TX | 77,886 | 135 | 1.3x |
| The Colony, TX | 44,916 | 120 | 1.2x |
| Denison, TX | 25,347 | 100 | 1.0x |
| Corinth, TX | 22,868 | 124 | 1.2x |
