Cost of Living in Sherman, SD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
84.7
100 = national avg
-15.3 vs national average
Living Wage (1 Adult)
$37,263
per year
Living Wage (Family of 4)
$88,076
per year
Cost Index by Category
Housing92.7
Food85.8
Transportation71.7
Healthcare88.7
Utilities90.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$986
per month
2 Bedroom
$1,156
per month
The overall cost of living index in Sherman is 84.7, which is 15.3% below the national average. Housing costs are below the national average at an index of 92.7. A single adult needs to earn approximately $37,263 per year to cover basic expenses.