Sherman, TX Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
86
Sherman's Overall Cost Of Living
0.9x
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:

149 out of 405
In Texas
938 out of 6,412
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
For more reading on cost of living around Texas, check out:
Sherman Cost of Living Vs. TX

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
Search Homes For Sale In Sherman, TX
$157,900
Median Home Value
$1,017
Median Rent
$53,536
Median Income

Sherman, TX Costs By Category

Detailed Sherman Services Costs Vs. Texas

Item Sherman Texas
Shampoo $0.93 $1.06
Movie $7.5 $10.68
Bowling $16.0 $14.67
Haircut $20.85 $18.62
Beauty Salon $40.36 $39.05

Detailed Sherman Groceries Costs Vs. Texas

Item Sherman Texas
Ground Beef $4.41 $4.22
Fried Chicken $1.27 $1.39
Milk $1.72 $2.05
Potatoes $2.85 $3.29
Pizza $12.32 $10.62
Beer $9.99 $9.38
Toothpaste $1.95 $2.34

Detailed Sherman Health Costs Vs. Texas

Item Sherman Texas
Optometrist $83.0 $108.57
Doctor $86.91 $116.17
Dentist $95.33 $99.13

Detailed Sherman Transportation Costs Vs. Texas

Item Sherman Texas
Gasoline $1.88 $2.22
Tire Balancing $41.67 $50.07

Detailed Sherman Utilities Costs Vs. Texas

Item Sherman Texas
All Electricity $172.81 $167.67
Phone $182.48 $175.64

Sherman SnackAbility

5
/10
Overall SnackAbility
Jobs
8/10
Housing
7
Affordability
7
Diversity
9
Safety
5
Amenities
8
Education
6
Commute
8.5

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

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