Cost of Living in Sherman County, Texas
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Sherman County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Sherman County ranks #1,394 of 3,144 counties for affordability (top 44%)
Data Story
About Cost of Living in Sherman County, Texas
Sherman beats national affordability
Sherman County's rent-to-income ratio of 14.3% sits well below the national affordability threshold, making it an attractive option for cost-conscious renters. The county's median household income of $74,167 nearly matches the national median of $74,755.
One of Texas's most affordable
Sherman's 14.3% rent-to-income ratio ranks among the best in Texas, significantly outperforming the state average of 18.1%. Median rent of $881 stays $82 below the state average despite strong income levels.
Cheaper than Starr, costlier than Stonewall
Sherman's $881 monthly rent falls between Stonewall County's bargain $620 and nearby Starr County's $715, offering a middle ground. Sherman's higher median income of $74,167 means renters here carry less housing burden proportionally.
Rent and income well-balanced
At 14.3% of the $74,167 median income, Sherman renters spend roughly $1,055 yearly on housing affordability buffer compared to national averages. Homeowners invest $965 monthly in ownership costs—about 15.6% of median income.
Strong income meets modest rents
Sherman County delivers rare affordability: competitive regional wages paired with below-average rents. Families or professionals relocating here enjoy housing costs that consume less than 15% of income.
Cost of Living Advisory: Sherman County
Affordability Verdict
Sherman County offers affordable rental housing at a median of $881/month — about 14.3% of the typical household income here.
Rent vs. Own
Renters in Sherman County pay $881/month on average, compared to $965/month for homeowners. This market favors renters by about 9%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $35,240/year. For owner costs at the 28% rule, the required income is roughly $41,357/year. With a median household income of $74,167, most households can comfortably afford rent here. Notably, 16.0% of renter households in Sherman County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Texas, Sherman County is less affordable than Carson County by roughly 6% ($881/mo vs $933/mo).
Affordability Calculator
See how your income compares to housing costs in Sherman County
Rent Burden
14.3%
of gross income
Max Housing (28% Rule)
$1,731
per month
Owner Cost Burden
15.6%
of gross income
You can likely afford the median home in Sherman County
Median home value is $125,500. Estimated monthly cost: $1,002 vs. your max of $1,731.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
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