Housing costs in Sherman?
A typical home costs
$572,800, which is 69.4% more expensive than the national average of
$338,100 and 58.2% more expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Sherman costs
$2,300 per month, which is 60.8% more than the national average of
$1,430 and 27.8% more than the state average of
$1,660.
Can I afford Sherman?
To live comfortably in Sherman (zip 06784), Connecticut, a minimum annual income of
$109,800 for a family, and
$74,800 for a single person is recommended.
What does A.I. say about Sherman?
The cost of living in 06784 Sherman, CT is relatively high compared to the national average. The median home cost in this area is $339,100 which is significantly higher than the national median of $231,200. In addition, the unemployment rate in Sherman, CT is 2.6%, below the national average of 3.7%. This indicates that there are fewer job opportunities available in the region, and those that are available may be more expensive than those found elsewhere. Additionally, transportation costs are also higher in Sherman due to its remote location. All these factors contribute to an overall higher cost of living in 06784 Sherman, CT compared to other parts of the country.