Sherman, CT Economy


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Sherman, CT is a small town located in Fairfield County in the state of Connecticut. It is a quiet and peaceful town which makes it an attractive destination for those looking to escape the hustle and bustle of city life. The two bedroom rent in Sherman is $2,350, which is higher than the US average of $1,430 for a two bedroom rental. Additionally, the grocery cost index in Sherman is 106 compared to 100 in the US.
This area is home to some great companies such as Sherman Plumbing & Heating Co., Roton Point Marina and Landscape Services and The Frame Shop Plus. Local attractions include Burnett Park which has walking trails along with tennis courts and other recreational activities; Indian Well State Park which features hiking trails, swimming spots and camping; White Memorial Conservation Center - a 4,000-acre nature preserve where visitors can explore forests and wetlands; as well as The Sherman Playhouse - a theater that offers movie screenings and live performances throughout the year.

Sherman has an unemployment rate of 6.6%. The US average is 6.0%.

Sherman has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 26.7%, which is lower than the US average of 33.5%.

Tax Rates for Sherman
- The Sales Tax Rate for Sherman is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Sherman is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Sherman
- The average income of a Sherman resident is $60,386 a year. The US average is $28,555 a year.
- The Median household income of a Sherman resident is $123,889 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySherman, ConnecticutUnited States
  6.66
  -7.4%-6.2%
  26.7%33.5%
  6.4%6.2%
  5.0%4.6%
  $94,720$37,638
  $123,889$69,021
  $125,200$85,028
  Population by Occupation
  0.6%1.2%
  0.0%0.5%
  8.3%6.8%
  13.3%10.0%
  1.9%2.5%
  10.7%11.0%
  2.2%4.8%
  0.7%0.8%
  1.0%1.9%
  10.5%4.7%
  5.9%1.9%
  13.9%7.6%
  0.0%0.1%
  4.4%4.2%
  7.0%9.3%
  14.3%14.0%
  1.7%2.1%
  1.6%7.0%
  1.7%4.8%
  0.4%4.7%
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