Cost Of Living in Sherman, MS

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14%

Overall NAT. AVG.

2%

Groceries NAT. AVG.

37%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Sherman	Mississippi	National
Cost of living	86	86	100
Groceries	98	97	100
Health care	93	95	100
Housing	63	63	100
Transportation	95	94	100
Utilities	99	98	100
Lifestyle & Entertainment	93	94	100
Household Items	98	96	100
Education & Childcare	96	94	100

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Homes For Sale In Sherman, MS

Tuscumbia Rd

Pontotoc, MS

Cost Of Living Quick Facts

The cost of living in Sherman is 1% higher than the Mississippi average
The cost of living in Sherman is 14% lower than the national average
Sherman housing is 37% lower than the national average
Mississippi general sales tax is 37% higher than the national average
Mississippi state income tax is 93% higher than the national average

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$64,376	$5,365	$1,502	$1,931
Renters	$25,517	$2,126	$595	$766

Mississippi Sales Tax

State	General Sales Tax	With Max Surtax
Mississippi	7%	7.25%

Mississippi Income Tax

State	Income Tax (Low)	Income Tax (High)
Mississippi	5%	5%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Baldwyn, MS	3,175	82	18.0%
Verona, MS	3,310	84	15.5%
Ecru, MS	1,370	85	15.3%
Plantersville, MS	815	85	14.7%
New Albany, MS	9,039	87	12.7%
Sherman, MS	635	86	13.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Wheatley, AR	635	80	19.7%
Pinehurst, GA	635	84	16.1%
Thayer, IL	635	85	14.7%
Melbourne, KY	635	87	13.4%
Killona, LA	635	89	10.6%
Sherman, MS	635	86	13.6%