Sherman, MS is a small town located in Sunflower County, Mississippi. Despite its small size and population of 38869 people, Sherman is an excellent place to live due to its convenient location and relatively low cost of living. The average 2 bedroom rental rate is $780 per month, which is significantly lower than the US average of $1430 per month. Additionally, the Grocery Cost Index in Sherman is 94 versus 100 in the US, making groceries more affordable in this town as well.
There are a number of local companies that make their home in Sherman including Delta Plastics Inc., Delta Regional Medical Center, and Shannon Nursery. These companies provide employment opportunities for residents while offering quality services and products to the community.
Sherman (zip 38869) has an unemployment rate of 6.4%. The US average is 6.0%.
Sherman (zip 38869) 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 (zip 38869)
- The Sales Tax Rate for Sherman (zip 38869) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Sherman (zip 38869) 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 (zip 38869)
- The average income of a Sherman (zip 38869) resident is $38,598 a year. The US average is $37,638 a year.
- The Median household income of a Sherman (zip 38869) resident is $56,058 a year. The US average is $69,021 a year.