Cost of Living in Sherman, CT
Population 3,508 · Connecticut · Data vintage 2023
(100 = US avg)
Sherman skews considerably older than the national median, with an average age of 59. Reported household income of $107,375 often reflects pension and investment income rather than wages, which makes the local tax picture — especially property tax treatment — a larger factor than in working-age cities.
Geographically, Sherman sits roughly 25 miles west of Waterbury. Median home values run roughly 182% higher than Waterbury's $185,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Sherman
The median home value in Sherman is $523,500 — 72% above the national median of $305,000. Median rent runs $1,740/month, 32% higher than the national median of $1,314/month. The median household income of $107,375/year is 44% higher than the US median of $74,580. The local unemployment rate is 4.4%, below the national average of 4.8%. Connecticut's top state income tax rate is 7.0% and the combined sales tax is 6.3%. The climate averages highs of 59.8°F and lows of 39.5°F. Overall, Sherman has a cost of living index of 156 versus the US average of 100, meaning it is 56% more expensive.
Sherman has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 36 | 39 | 47 | 59 | 69 | 78 | 82 | 80 | 74 | 62 | 51 | 41 |
| Low °F | 18 | 20 | 27 | 37 | 46 | 56 | 62 | 60 | 52 | 41 | 31 | 24 |
| Precip" | 3.06 | 2.69 | 3.89 | 3.74 | 3.78 | 4.48 | 4.46 | 4.62 | 4.81 | 4.48 | 3.78 | 4.24 |
Frequently Asked Questions
What is the cost of living in Sherman, CT?
Sherman has a cost index of 156 (100 = national average). It is 56% above the national average.
What is average rent in Sherman, CT?
The median gross rent in Sherman is $1,740 per month based on 2023 Census data.
What is the average home price in Sherman?
The median home value in Sherman is $523,500 according to 2023 Census ACS data.
What is the median income in Sherman?
The median household income in Sherman is $107,375 per year (2023 ACS 5-year estimates).
What is the sales tax in Sherman, CT?
The combined state and local sales tax rate in Sherman is 6.3%. The Connecticut state income tax top rate is 7.0%.
Is Sherman, CT affordable?
Sherman is above average in cost of living, with an index of 156 — about 56% higher than the national average.
What is the weather like in Sherman?
Sherman has average high temperatures of 59.8°F and average lows of 39.5°F. Annual precipitation is 48". Data from NOAA 1991–2020 Climate Normals.
Sherman at a Glance
- Population
- 3,508
- Median Income
- $107,375
- Home Value
- $523,500
- Median Rent
- $1,740/mo
- Unemployment
- 4.4%
- Avg High Temp
- 59.8°F
- Sales Tax
- 6.3%
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