salaryRent is lower than in 56% of U.S. cities. A typical house costs about 3.8 years of household income.
How much money do I need?
To rent here comfortably, you should earn about $61,040 a year. That is $29 an hour at a full-time job.
Is rent cheaper than other Texas cities?
No. Rent here is more expensive than in most of Texas. It is number 231 of 426 cities from cheapest to most expensive.
How much do households earn in Sherman?
Share of households by yearly income. 16.5% of households earn $100,000 or more.
Rent by apartment size in Sherman
| Size | Sherman | U.S. average |
|---|---|---|
| Studio | $1,013 | $1,338 |
| 1 bedroom | $1,125 | $1,324 |
| 2 bedrooms | $1,325 | $1,509 |
| 3 bedrooms | $1,814 | $1,698 |
| 4 bedrooms | $2,058 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Sherman overall?
Everyday prices in the Sherman-Denison metro area are 6% below the U.S. average (index 93.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024.
Taxes and bills in Sherman
Life in Sherman
What jobs pay in Sherman
| Job | Median pay | Rent / pay |
|---|---|---|
| Lawyer | $134,670 | 13.6% |
| Pharmacist | $131,430 | 13.9% |
| Software Developer | $128,630 | 14.2% |
| Nurse Practitioner | $127,760 | 14.3% |
| Dental Hygienist | $98,030 | 18.7% |
| Operations Manager | $89,940 | 20.4% |
| Civil Engineer | $87,360 | 21.0% |
| Registered Nurse | $83,700 | 21.9% |
| Accountant | $75,650 | 24.2% |
| Police Officer | $74,680 | 24.5% |
| Firefighter | $60,650 | 30.2% |
| Licensed Practical Nurse | $60,460 | 30.3% |
| Elementary School Teacher | $60,030 | 30.5% |
| Market Research Analyst | $59,950 | 30.5% |
| Electrician | $58,080 | 31.5% |
| HVAC Technician | $56,330 | 32.5% |
| Truck Driver | $55,270 | 33.1% |
| Plumber | $54,320 | 33.7% |
| Carpenter | $47,740 | 38.4% |
| Warehouse Worker | $40,770 | 44.9% |
| Medical Assistant | $38,800 | 47.2% |
| Customer Service Representative | $37,090 | 49.4% |
| Nursing Assistant | $35,970 | 50.9% |
| Restaurant Cook | $31,760 | 57.7% |
| Retail Salesperson | $30,670 | 59.7% |
| Cashier | $27,640 | 66.3% |
| Server (Waiter/Waitress) | $26,290 | 69.7% |
Is it cheaper to rent or buy in Sherman?
Renting is cheaper right now: about $164 a month less.
Owning assumes a typical $243,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $24,350 for the down payment.
Frequently asked questions
What is the average rent in Sherman, TX?
Renting in Sherman costs a median of about $1,526 a month in 2026, including utilities. The Texas median is $1,451.
How much do I need to make to live in Sherman?
To keep rent under 30% of income, you need about $61,040 a year, or $29 an hour at a full-time job.
Is Sherman cheap or expensive?
Sherman is rated OK: rent takes 28.8% of the typical household income of $63,479. It ranks 231st cheapest of 426 Texas cities we track.
How much are property taxes in Sherman?
The median homeowner in Sherman pays $3,346 a year in property taxes, about 1.37% of the median home value.
Is Sherman more expensive than the national average?
Overall prices in the metro area are 6% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Sherman?
The median home value in Sherman is $243,500, about 3.8 times the typical yearly household income.
46,397 people live in Sherman. Numbers are typical (middle) values.