Cost of Living in Sherman, MS
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
84.5
100 = national avg
-15.5 vs national average
Living Wage (1 Adult)
$37,199
per year
Living Wage (Family of 4)
$87,925
per year
Cost Index by Category
Housing71.9
Food94.3
Transportation88.6
Healthcare95.4
Utilities91.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$850
per month
2 Bedroom
$932
per month
The overall cost of living index in Sherman is 84.5, which is 15.5% below the national average. Housing costs are below the national average at an index of 71.9. A single adult needs to earn approximately $37,199 per year to cover basic expenses.