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 -7.4% 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 $94,720 a year. The US average is $37,638 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
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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