Grayson County · Texas · South · 46k residents
Sherman, TX: economy, jobs & business costs
The site-selection read on Sherman: labor costs, talent, corporate tax, energy, and business activity, with the Texas median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,168/wk. Texas's corporate income tax rate is 0%. Commercial electricity averages 8.6¢/kWh.
Compare Sherman side by side
Avg. weekly wage
$1,168/wk
Corporate income tax
0%
Bachelor's degree or higher
24.2%
Commercial electricity
8.6¢/kWh
Economic momentum
How fast Sherman's economy is moving, ranked against the US cities we track.
66/100
Steady
Ranks Sherman's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $243,500 |
| Price per sq. ft. | $170 |
| Property tax rate | 1.68% |
| 1-bedroom rent | $1,069/mo |
| 2-bedroom rent | $1,259/mo |
| State & local income tax | 0% |
| Sales tax | 8.2% |
| Corporate income tax | 0% |
| Avg. weekly wage | $1,168/wk |
| Bachelor's degree or higher | 24.2% |
| Commercial electricity | 8.6¢/kWh |
| Businesses per 1k residents | 21.6/1k |
| Wage: Software developer | $128,630 |
| Wage: Registered nurse | $83,700 |
| Wage: General manager | $89,940 |
| Wage: Customer service | $37,090 |
| Wage: Warehouse worker | $34,320 |
| Wage: Heavy truck driver | $55,270 |
| Wage: Electrician | $58,080 |
| Wage: Retail salesperson | $30,670 |
| Cost of living index | 89 |
| Groceries index | 96 |
| Utilities | $185/mo |
| Transit pass | $96/mo |
| Gas price | $2.90/gal |
| Healthcare index | 96 |
| Childcare (per child) | $1,000/mo |
| Median household income | $58,859 |
| Unemployment rate | 4% |
| Population | 46k |
| Crime index | 50/100 |
| School rating | 5.5/10 |
| Walkability | 30/100 |
| Disaster risk | 80/100 |
| Avg. commute | 27 min |
| Sunny days / year | 230 days |
| July high | 93°F |
| January low | 34°F |
| Annual snowfall | — |
| Home price YoY | -6.8% |
| Home price MoM | -0.8% |
| Rent YoY | -5.6% |
| Rent MoM | -2.0% |
| Employment (jobs) YoY | +1.9% |
| Building permits YoY | -18.7% |
| Ocean coast | 304 mi |
| Big lake | 18 mi |
| Mountains | 163 mi |
| Major airport | 57 mi |
| Ski resort | 473 mi |
Popular comparisons
Nearby
- Denison, TX · 26k
- Anna, TX · 24k
- Celina, TX · 34k
- Melissa, TX · 20k
- Gainesville, TX · 18k
Similar size
- Keller, TX · 46k
- Haltom City, TX · 46k
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- Waxahachie, TX · 45k
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Real listings in Sherman
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Sherman a good place to run a business?
- Texas's corporate income tax rate is 0%; average weekly wages in the surrounding labor market run $1,168/wk; commercial electricity averages 8.6¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Sherman, TX?
- Sherman indexes at 89 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,259/mo and a acs median home value of $243,500.
- How much does a house cost in Sherman?
- The acs median home value in Sherman is $243,500 (Census ACS estimate; individual listings vary).
- How much is rent in Sherman?
- A two-bedroom in Sherman rents for about $1,259/mo.