Sherman, NY is a small town in Chautauqua County in western New York. It has a population of around 2,400 people. Sherman offers its residents an affordable cost of living with 2 bedroom rent at just $820 compared to the national average of $1,430. Residents in Sherman have access to many local businesses such as The Cheese Company, Petal Pushers Garden Center and Gift Shop, and The Farm Market & Bakery. Additionally, groceries are more affordable in Sherman than other parts of the US with a Grocery Cost Index of 97 versus 100 nationally. With these factors combined, Sherman is an ideal place for those looking for an affordable place to call home.
Sherman has an unemployment rate of 7.4%. The US average is 6.0%.
Sherman has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 12.7%, which is lower than the US average of 33.5%.
Tax Rates for Sherman
- The Sales Tax Rate for Sherman is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Sherman is 6.5%. 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 $15,949 a year. The US average is $28,555 a year.
- The Median household income of a Sherman resident is $47,171 a year. The US average is $69,021 a year.