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 93, which is 0.9x lower than the national index of 100.
Compared to Texas, Sherman has a cost of living index that's 1.0x lower than Texas's index of 93.
The standard of living in Sherman ranks as #161 most affordable out of the 419 places we measured in Texas. By definition, that implies Sherman ranks as the #258 most expensive place in the Lone Star State.
For more reading on life in Sherman, check out:
Sherman Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Sherman. Here is how it fares on each of the criteria:
The Services index in Sherman is 97.
The Groceries index in Sherman is 103.
The Health index in Sherman is 81.
The Housing index in Sherman is 99.
The Transportation index in Sherman is 102.
The Utilities index in Sherman is 102.
| Living Expense | Sherman | Texas | National Average |
|---|---|---|---|
| Overall | 93 | 93 | 100 |
| Services | 97 | 100 | 100 |
| Groceries | 103 | 99 | 100 |
| Health | 81 | 81 | 100 |
| Housing | 99 | 97 | 100 |
| Transportation | 102 | 103 | 100 |
| Utilities | 102 | 100 | 100 |
Sherman Cost Of Living Compared To Texas Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Texas, check out:
Protect your home budget Compare home warranties in Sherman Get matched →Source: Cost-of-living index 2026, normalized to US average = 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 2020-2024. The key points are:
The Median Home Value in Sherman is $257,920.
The Median Rent in Sherman is $1,324.
The Median Income in Sherman is $58,859.
The Home Value To Income in Sherman is 4.4x.
The Rent To Monthly Income in Sherman is 0.27x.
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
Sherman SnackAbility
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 120, 1.3x Sherman.
Frisco, TX has a cost of living index of 133, 1.4x Sherman.
McKinney, TX has a cost of living index of 122, 1.3x Sherman.
| City | Population | Cost Of Living | Vs. Sherman |
|---|---|---|---|
| Plano, TX | 290,594 | 120 | 1.3x |
| Frisco, TX | 219,304 | 133 | 1.4x |
| McKinney, TX | 210,600 | 122 | 1.3x |
| Carrollton, TX | 133,740 | 113 | 1.2x |
| Richardson, TX | 118,731 | 116 | 1.2x |
| Allen, TX | 110,265 | 120 | 1.3x |
| Flower Mound, TX | 78,389 | 128 | 1.4x |
| The Colony, TX | 45,454 | 111 | 1.2x |
| Denison, TX | 25,778 | 91 | 1.0x |
| Corinth, TX | 23,385 | 111 | 1.2x |
