Cost of Living in Sherman, TX
Population: 45,036 • 2026 Data
$60,935
Median Household Income
-21% vs national
$1,177
Median Monthly Rent
-13% vs national
$219,300
Median Home Value
-35% vs national
3.3%
Unemployment Rate
Housing in Sherman
The median home value in Sherman, TX is $219,300. Monthly rent for a typical unit averages $1,177, while total monthly housing costs (including utilities and insurance) average $1,179.
Rent-to-income ratio: 23.2%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Sherman, TX is $60,935. The unemployment rate stands at 3.3%, with a labor force of 22,698 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.