Sherman, MS is a small town that offers its residents a low cost of living. The average two-bedroom rent is $790 compared to the US average of $1,430, and the Grocery Cost Index in Sherman is 95 compared to 100 in the US. This makes Sherman a great place to live for those looking for affordable housing options. Local businesses include Walmart Supercenter, Aldi, and Pizza Hut. There are also numerous local stores such as J&W Grocery Market and Ollie's Corner Store. With an array of shops and restaurants, Sherman offers an enjoyable lifestyle at an affordable price.
Sherman has an unemployment rate of 6.4%. The US average is 6.0%.
Sherman has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 37.4%, which is higher than the US average of 33.5%.
Tax Rates for Sherman
- The Sales Tax Rate for Sherman is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Sherman is 5.0%. 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 $12,258 a year. The US average is $28,555 a year.
- The Median household income of a Sherman resident is $41,688 a year. The US average is $69,021 a year.