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The median household income in Sherman town was $133,913 in 2021, which marked an a decrease of 2,837(2.07%) from $136,750 in 2020. This income is 179.49% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Sherman town sees its highest median household income among householders in the age group of 45 to 64 years old, at $148,502. Overall, the median household income for the town of Sherman town stands at $133,913.
In Sherman town, the median income for all workers aged 15 years and older, regardless of work hours, was $74,699 for males and $49,541 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $129,108 for males and $81,441 for females.
In Sherman town, there are just three different racial groups among households. Among these, White households report a median household income of $137,174, followed by Some Other Race households at $88,049, and Two or More Races households with a median household income of $66,638.
In 2021, the population of Sherman town was 3,521, a 0.17% increase year-by-year from 2020. Previously, in 2020, Sherman town's population was 3,515, a decline of 3.27% compared to a population of 3,634 in 2019.
The median age in Sherman, Connecticut is 58.2, as per 2021 ACS 5-Year Estimates. Of the total population, 11.68% were under the age of 15, 11.06% aged 15 to 29, 51.48% aged 30 to 64, 21.50% aged 65 to 84, and 4.29% were 85 years of age and older.
The total population of Sherman town is estimated to be 3,545 with 1,872 males (52.81%) and 1,673 females (47.19%). There are 199 less females than males in Sherman town.
Racial distribution of Sherman town population: 89.20% are White, 0.56% are Black or African American, 1.50% are Asian, 4.40% are some other race and 4.34% are multiracial.