Sherman, SD
Population 55 · South Dakota
About Sherman, SD
Sherman is a small community located in South Dakota with a population of 55 residents according to the latest US Census Bureau American Community Survey data. The median household income is $46,875 per year, which is 38% below the national median of $75,149. The median age of 55.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Sherman features a median home value of $91,000, which is 63% below the national median of $244,900. This makes Sherman one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,125, 3% below the national average of $1,163/month. Of the 27 total housing units, 85% are owner-occupied (23 units) and 15% are renter-occupied (4 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Sherman shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Sherman have an average one-way commute time of 25.2 minutes.
Education & Demographics
9.1% of Sherman residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 5.5% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Sherman, SD
Compared to national averages, Sherman has a median household income of $46,875 (38% below the national median of $75,149). Home values average $91,000, which is 63% below the national median. Monthly rent at $1,125 is 3% below the US average of $1,163. Within South Dakota, Sherman's income is 27% below the state average of $64,650, and home values are 37% below the state median of $143,757.
Why Live in Sherman, SD?
Sherman offers affordable housing with a median home value of $91,000, below the US average of $244,900, and rent that’s lower than the national average at $1,125/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 3.6%, better than the national average.
Potential considerations include median household income ($46,875) that falls below the national average. However, Sherman’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Sherman has a population of 55 with a median age of 55.3 years. Compare Sherman with other cities to see how it stacks up, or explore all cities in South Dakota.
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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, SD?
The population of Sherman, SD is 55 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in South Dakota.
What is the median household income in Sherman?
The median household income in Sherman, SD is $46,875 per year, which is 38% below the national median of $75,149.
What is the median home value in Sherman?
The median home value in Sherman, SD is $91,000, which is 63% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Sherman?
The median monthly rent in Sherman, SD is $1,125, which is 3% below the national average of $1,163/month.
What is the unemployment rate in Sherman?
The unemployment rate in Sherman, SD is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Sherman, SD a good place to live?
Sherman offers a moderate cost of living, affordable housing, and a strong job market. With a population of 55 and a median age of 55.3, the city appeals to established professionals and retirees.
How educated is Sherman, SD?
9.1% of residents in Sherman aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Sherman?
Key cost-of-living indicators for Sherman, SD: median home value is $91,000 (63% below national), median rent is $1,125/month, and median household income is $46,875. The home-value-to-income ratio is 1.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Sherman?
The poverty rate in Sherman, SD is 3.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Sherman, SD?
Sherman's population is 5.5% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.