Sherman cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexShermanMississippiNational
Cost of living index7984100
IndexShermanMississippiNational
Goods & Services index9093100
Groceries index8794100
Health care index9690100
Housing index5463100
Transportation index9893100
Utilities index8090100

Did you know?

  • The cost of living in Sherman is 6% lower than the Mississippi average.
  • The cost of living in Sherman is 21% lower than the national average.
  • The cost of housing in Sherman is 46% lower than the national average.
  • Mississippi general sales tax is 37% higher than the national average.
  • Mississippi state income tax is 35% higher than the national average.

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Groceries index
Health care index
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Transportation index
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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$43,750$3,646$1,021$1,313
Renters$11,607$967$271$348

Mississippi Sales Tax

StateGeneral Sales TaxWith Max Surtax
Mississippi7%7.25%

Mississippi Income Tax

StateIncome Tax (Low)Income Tax (High)
Mississippi3%5%

Goods & Services

ItemShermanNational avg.Difference
Haircut $14.11$15.569.3%
Beauty Salon $20.55$36.1143.1%
Toothpaste $1.59$2.4735.8%
Shampoo $0.76$0.9621.2%
Movie $9.33$10.137.8%
Bowling $3.75$4.7420.8%

Groceries

ItemShermanNational avg.Difference
Ground Beef $3.43$3.9813.9%
Fried Chicken $0.96$1.4132.0%
Milk $1.98$2.064.1%
Potatoes $2.97$2.980.5%
Pizza $9.00$9.475.0%
Beer $7.48$8.7914.9%

Health Care

ItemShermanNational avg.Difference
Optometrist $125.00$101.0423.7%
Doctor $84.78$107.4421.1%
Dentist $90.45$90.420.0%
Ibuprofen $8.07$9.2813.1%
Lipitor $436.15$426.502.3%

Housing

ItemShermanNational avg.Difference
Home Price $111,500.00$175,700.0036.5%
Avg. Mortgage Payment $757.17$1,133.2333.2%
Apartment Rent $295.00$920.0067.9%

Transportation

ItemShermanNational avg.Difference
Gasoline $1.89$1.995.0%
Tire Balancing $47.89$45.764.7%

Utilities

ItemShermanNational avg.Difference
All Electricity$122.15$163.8125.4%
Phone $25.01$28.3911.9%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Verona, MS3,05276-24%
Baldwyn, MS3,19877-23%
Plantersville, MS93379-21%
Ecru, MS1,05079-21%
Algoma, MS60680-20%
Sherman, MS62979-21%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Mount Victory, OH62986-14%
Galena, MO62980-20%
St. Leon, IN62997-3%
Mount Vernon, OR62984-16%
Shiloh, OH62979-21%
Sherman, MS62979-21%
Source: The Sherman, MS cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.