Sherman, TX is a great place to live due to its reasonable rental cost and grocery costs. The 2 bedroom rent in Sherman is $1,050 compared to the US average of $1,430 and its Grocery Cost Index is 95 compared to 100 in the US. This makes it a highly affordable location for many. The city also has many companies that offer employment opportunities such as BNSF Railway, Texas Instruments, PPG Industries, Tyson Foods, and Walmart. Furthermore, there are restaurants like Pecan Lodge and popular attractions such as the Sherman Museum and the Flag Pole Hill Park offering plenty of activities for visitors and locals alike.
Sherman has an unemployment rate of 6.0%. The US average is 6.0%.
Sherman has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 38.8%, which is higher than the US average of 33.5%.
Tax Rates for Sherman
- The Sales Tax Rate for Sherman is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Sherman is 0.0%. 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 $21,853 a year. The US average is $28,555 a year.
- The Median household income of a Sherman resident is $53,536 a year. The US average is $69,021 a year.