Sherman, IL demographics:
population, income, and more

Total population
4,386
4.2% year-over-year change
Median household income
$148,906/yr
1.3% year-over-year change
Housing units
1,619
4.7% year-over-year change

Sherman population

How many people live in Sherman

Sherman is home to 4,386 residents, according to the most recent Census data. Gender-wise, 46.5% of Sherman locals are male, and 53.5% are female.

Total population
4,386
4.2% year-over-year change
Gender ratio
Male
46.5%
2,038
Female
53.5%
2,348
Value Percent YoY change
Male 2,038 46.5% 3.7%
Female 2,348 53.5% 4.5%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Sherman is 46, with the population distributed as follows: about 17% are children under 15, then 12.8% are in the 15 to 24 age group. Adults between 25 and 44 make up 19.4% of the population, while another 30.4% fall into the 45 to 64 bracket. Finally, around 20.3% are 65 or older.

Median age
45.6
Age breakdown
Under 15
17%
15 to 24
12.8%
25 to 44
19.4%
45 to 64
30.4%
Over 65
20.3%
Value Percent YoY change
Under 15 747 17% 12.3%
15 to 24 563 12.8% -0.9%
25 to 44 852 19.4% -7.3%
45 to 64 1,333 30.4% 14.3%
Over 65 891 20.3% -0.2%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Sherman, 99.2% of the population are US-born citizens, while 0.8% have gained naturalized citizenship. There’s also a share of 1.3% that includes residents with two or more races.

Citizenship
U.S.-born citizens
99.2%
Non-U.S.-born citizens
0.8%
Non-citizens
0%
Value Percent YoY change
U.S.-born citizens 4,350 99.2% 3.8%
Non-U.S.-born citizens 36 0.8% 63.6%
Racial breakdown
White
90.2%
Black or African American
8.5%
American Indian and Alaska Native
0%
Asian
0%
Native Hawaiian and other Pacific Islander
0%
Two or more races
1.3%
Other
0%
Value Percent
White 3,957 90.2%
Black or African American 372 8.5%
Two or more races 57 1.3%

Households in Sherman

A peek inside Sherman households

Sherman has 1,585 households, with an average of 3 members in each. Of these, 84.9% are families, while the remaining 15.1% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
1,585
5.2% year-over-year change
Average people per household
3
Non-family households
239
Family households
1,346
Value Percent YoY change
Non-family households 239 15.1% 4.8%
Family households 1,346 84.9% 5.2%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Sherman

The housing landscape of Sherman

Sherman's housing consists of 1,619 units, with 77.8% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 20.6% and offer a more compact, shared living style.

Housing units
1,619
4.7% year-over-year change
Housing types
Value Percent
1 unit, detached 1,259 77.8%
1 unit, attached 333 20.6%
2 units 27 1.7%
Homes built since 2020
0
% year-over-year change

The age of buildings in Sherman

In Sherman, the median construction year is 2001. Most development happened in the second half of the 20th century.

Construction year breakdown by decade
Value Percent YoY change
Built between 1940 and 1949 12 0.7% -7.7%
Built between 1960 and 1969 78 4.8% -21.2%
Built between 1970 and 1979 287 17.7% 11.2%
Built between 1980 and 1989 138 8.5% -12.7%
Built between 1990 and 1999 235 14.5% 78.0%
Built between 2000 and 2009 532 32.9% 0.8%
Built between 2010 and 2019 337 20.8% -5.9%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Sherman occupancy rates

Out of the 1,585 occupied housing units in Sherman, 90.2% are owner-occupied, while 9.8% are lived in by tenants. Meanwhile, 2.1% of all homes on the local market sit vacant.

Occupied housing units
1,585
5.2% year-over-year change
Occupancy breakdown
Renter occupied
156
Owner occupied
1,429
Value Percent YoY
change
Renter occupied 156 9.8% 2.6%
Owner occupied 1,429 90.2% 5.5%
Unoccupied housing units
2.1%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Sherman housing costs

Housing costs in Sherman come to a median of $1,615 per month, while tenants specifically pay a median gross rent of $2,041.

Median housing costs per month
$1,615/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Sherman
$2,041/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Sherman

Sherman education at a glance

About 22% of the population in Sherman went to high school, while 22.4% pursued college studies. Another 7.6% earned an associate degree and 27.1% hold a bachelor’s. Meanwhile, 19% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 67 2% 86.1%
High school diploma 754 22% 0.9%
College diploma 768 22.4% 8.3%
Associate degree 260 7.6% -13.3%
Bachelor's degree 930 27.1% 5.0%
Graduate degree 652 19% 9.0%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Sherman

How much people earn in Sherman

The average annual household income in Sherman was $171,596 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +6.1% change from the previous year. At the same time, the median income stood at $148,906, reflecting a +1.3% shift over the same period.

Average household income in Sherman
$171,596/year
6.1% year-over-year change
Median household income in Sherman
$148,906/year
1.3% year-over-year change

Sherman income by age

In Sherman, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $131,226. Those with someone between 45 and 64 in charge, often well established professionally, earn $178,413 overall. Overall, 97.8% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
25 - 44 $131,226 3.1%
45 - 64 $178,413 2.7%
Over 65 $127,717 14.7%
Above poverty level
4,049
Below poverty level
92
Value Percent YoY
change
Above poverty level 4,049 97.8% 0.3%
Below poverty level 92 2.2% 475.0%

Employment in Sherman

Workforce and job types in Sherman

The job market in Sherman is powered by 2,251 working residents, spread across a range of industries and roles. 81.5% of the working population are employed in professional or administrative positions, while 18.5% are in hands-on or service-based jobs. Also, 5.3% run their own businesses, 51% are employed by private companies, and 31.3% work in the public sector.

Workforce demographics

Working population
2,251
7.8% year-over-year change
White collar
1,834
Blue collar
417
Value Percent YoY change
White collar 1,834 81.5% 10.3%
Blue collar 417 18.5% -2.1%
Employer type
Self employees
5.3%
Private companies
51%
Governmental workers
31.3%
Not for profit companies
12.4%
Value Percent YoY change
Self employees 120 5.3% 23.7%
Private companies 1,147 51% 7.5%
Governmental workers 704 31.3% -3.4%
Not for profit companies 280 12.4% 42.9%
Unemployment rate
2.6%
-6.3% year-over-year change

Available workforce

The unemployment rate in Sherman stands at 2.6%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Sherman

How people get around in Sherman

Means of transportation
Value Percent YoY change
Car 1,894 84.9% 10.6%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Sherman by zipcode?

Zipcode Population Number of households Median income Average income
62707 7,472 3,195 $89,926 $105,631
62684 5,760 2,069 $139,196 $162,098

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FAQs about Sherman demographics 

What is the total population of Sherman?

Sherman has a total population of 4,386 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +4.2% compared to a year ago.

What is the gender ratio in Sherman?

The gender ratio in Sherman is as follows:
  • 46.5% males (2,038 residents)
  • 53.5% females (2,348 residents)

What is the median age in Sherman?

The median age in Sherman is 45.6.

What is the age distribution of the population in Sherman?

The age distribution in Sherman is as follows:
  • Under 15: 17% (747 residents)
  • Ages 15-24: 12.8% (563 residents)
  • Ages 25-44: 19.4% (852 residents)
  • Ages 45-64: 30.4% (1,333 residents)
  • Over 65: 20.3% (891 residents)

What is the racial and ethnic makeup of Sherman?

The racial and ethnic makeup of Sherman is as follows:
  • White: 90.2% (3,957 residents)
  • Black or African American: 8.5% (372 residents)
  • American Indian and Alaska Native: 0% (0 residents)
  • Asian: 0% (0 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 1.3% (57 residents)
  • Other: 0% (0 residents)

What percentage of the population in Sherman are U.S.-born citizens?

U.S.-born citizens represent 99.2% of the population in Sherman.

How many housing units are there in Sherman?

There are 1,619 housing units in Sherman, reflecting a +4.7% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Sherman and what is the average household size?

Sherman has a total of 1,585 households, with an average of 3 people in each.

What is the median household income in Sherman?

Sherman has a median household income of $148,906, representing a +1.3% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Sherman?

The employment rate is 97.4% in Sherman, with a workforce of 2,251 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 81.5% (1,834 residents)
  • Blue-collar workers: 18.5% (417 residents)

Places of employment:
  • Self-employed: 5.3% (120 residents)
  • Private companies: 51% (1,147 residents)
  • Governmental workers: 31.3% (704 residents)
  • Not-for-profit companies: 12.4% (280 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025