Sherman, Maine is a small town located on the western side of the state with an estimated population of under 200 people. It's a quaint, quiet area to call home and provides peacefulness for locals and visitors alike. The rent for a two bedroom in Sherman is $840 compared to the US average of $1,430 making it an attractive option for those looking to save money on housing costs. Additionally, grocery costs are slightly higher than the US Index at 104 but still lower than many other states. Locals are able to shop at local businesses such as T & R Variety Store, Thornton General Store, and J&M Grocery. All in all, Sherman is a great place to live or visit due to its low cost of living combined with its rural charm.
Sherman has an unemployment rate of 7.4%. The US average is 6.0%.
Sherman has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 24.1%, which is lower than the US average of 33.5%.
Tax Rates for Sherman
- The Sales Tax Rate for Sherman is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Sherman is 7.2%. 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 $19,935 a year. The US average is $28,555 a year.
- The Median household income of a Sherman resident is $48,529 a year. The US average is $69,021 a year.