Sherman, IL
Population 4,211 · Illinois
About Sherman, IL
Sherman is a small community in Illinois with a population of 4,211 residents. The median household income is $147,025 per year, which is above the national average. The median age in Sherman is 44.4 years.
Housing in Sherman has a median home value of $291,300 and median monthly rent of $1,565. Of the 1,546 total housing units, the majority are owner-occupied, with 1,355 owner-occupied and 152 renter-occupied units.
The unemployment rate in Sherman is 2.9% and the poverty rate is 0.4%. 47.7% of residents hold a bachelor's degree or higher. The average commute time is 20.4 minutes.
Cost of Living in Sherman, IL
Compared to national averages, Sherman has a median household income of $147,025 (96% above the national median of $75,149). Home values average $291,300, which is 19% above the national median. Monthly rent at $1,565 is 35% above the US average of $1,163. Within Illinois, Sherman's income is 96% above the state average of $75,072, and home values are 76% above the state median of $165,779.
Why Live in Sherman, IL?
Sherman offers a strong local economy with a median household income of $147,025, well above the national average, and a strong job market with an unemployment rate of just 2.9%, and a well-educated community where 47.7% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 0.4%, better than the national average, and short commute times averaging just 20.4 minutes.
Sherman has a population of 4,211 with a median age of 44.4 years. Compare Sherman with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Sherman
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Poplar Grove | 4,202 | $93,409 | $253,500 | Compare |
| Paxton | 4,201 | $60,470 | $116,700 | Compare |
| Anna | 4,222 | $36,238 | $128,200 | Compare |
| Scott AFB | 4,195 | $91,115 | $0 | Compare |
| Kildeer | 4,189 | $250,001 | $697,900 | Compare |
| Lawrenceville | 4,241 | $44,885 | $77,600 | Compare |
| Hometown | 4,244 | $59,265 | $152,000 | Compare |
| West Peoria | 4,246 | $57,450 | $92,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Sherman
What is the population of Sherman, IL?
The population of Sherman, IL is 4,211 according to the latest Census data.
What is the median household income in Sherman?
The median household income in Sherman, IL is $147,025 per year.
What is the median home value in Sherman?
The median home value in Sherman, IL is $291,300.
What is the average rent in Sherman?
The median monthly rent in Sherman, IL is $1,565.
What is the unemployment rate in Sherman?
The unemployment rate in Sherman, IL is 2.9%.