04776 Sherman, ME is a small town located in Aroostook County with a population of 318 people as of the 2019 census. It offers residents a rural lifestyle with nearby activities including fishing, hunting, and snowmobiling. 2 Bedroom Rent in Sherman is surprisingly low at $840 per month compared to the US average of $1,430. Groceries are also inexpensive here with a Grocery Cost Index of 104 versus 100 in the US on average. Local companies include T&T Logging Inc., which has been family owned for generations, as well as Cote’s Construction Inc., which specializes in roofing services and building projects.
Sherman (zip 04776) has an unemployment rate of 5.9%. The US average is 6.0%.
Sherman (zip 04776) 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 (zip 04776)
- The Sales Tax Rate for Sherman (zip 04776) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Sherman (zip 04776) 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 (zip 04776)
- The average income of a Sherman (zip 04776) resident is $19,337 a year. The US average is $28,555 a year.
- The Median household income of a Sherman (zip 04776) resident is $47,321 a year. The US average is $69,021 a year.