2025 Compare Cities Economy:
Sherman, CT vs New Milford, CT

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Highlights
- Household income in New Milford, is 25% less than it is in Sherman and is 26% above the National Average.
- Sherman unemployment rate is 6.6%.
- New Milford unemployment rate is 7.9%.
 Sherman, CTNew Milford, CTUnited States
 Unemployment Rate  Unlock7.9%6.0%
 Recent Job Growth  Unlock-0.4%1.6%
 Future Job Growth26.7%  Unlock33.5%
 Sales Taxes6.4%  Unlock6.2%
 Income Taxes  Unlock5.0%4.6%
 Income per Cap.$94,720  Unlock$37,638
 Household Income  Unlock$93,221$69,021
 Family Median Income$125,200  Unlock$85,028
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 Est. Households By Income
 Sherman, CTNew Milford, CTUnited States
 Income Less Than 15K  Unlock4.4%9.4%
 Income between 15K and 20K0.0%  Unlock3.8%
 Income between 20K and 30K  Unlock5.0%8.1%
 Income between 30K and 40K6.5%  Unlock8.0%
 Income between 40K and 50K  Unlock5.0%7.6%
 Income between 50K and 60K3.4%  Unlock7.2%
 Income between 60K and 75K  Unlock8.7%9.6%
 Income between 75K and 100K11.7%  Unlock12.8%
 Income between 100K and 150K  Unlock22.2%16.3%
 Income between 150K and 200K3.6%  Unlock7.8%
 Income greater than 200K  Unlock11.5%9.5%
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 Population By Occupation
 Sherman, CTNew Milford, CTUnited States
 Management, business, finance28.9%  Unlock16.4%
 Engineering, computers, science  Unlock5.9%6.5%
 Community, social services2.1%  Unlock1.8%
 Legal  Unlock0.7%1.2%
 Education, library7.7%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.9%2.0%
 Healthcare practitioners and technology4.0%  Unlock6.2%
 Healthcare support  Unlock5.5%3.3%
 Firefighters, law enforcement0.0%  Unlock2.1%
 Food preparation, serving  Unlock4.3%5.4%
 Building maintenance3.1%  Unlock3.6%
 Personal care  Unlock3.2%2.6%
 Sales, office, administrative support21.3%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.1%0.6%
 Construction, extraction, maintenance/repair5.7%  Unlock8.1%
 Production, transportation, material moving  Unlock9.6%13.1%
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