Cost of Living in Sherman, TX
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
107.1
100 = national avg
+7.1 vs national average
Living Wage (1 Adult)
$47,110
per year
Living Wage (Family of 4)
$111,350
per year
Cost Index by Category
Housing126.2
Food96.6
Transportation95.9
Healthcare97.3
Utilities103.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,089
per month
2 Bedroom
$1,351
per month
The overall cost of living index in Sherman is 107.1, which is 7.1% above the national average. Housing costs are above the national average at an index of 126.2. A single adult needs to earn approximately $47,110 per year to cover basic expenses.