Sherman County, Texas Income Statistics
Sherman County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
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C
Sherman County Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Sherman County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $60,925 | $78,939 | $80,455 |
| Median Personal Income | $46,696 | $56,913 | $60,758 |
| Average Yearly Income Growth | 1.9% | 4.6% | 4.8% |
| Six-Figure Earners | 13.9% | 13.0% | 13.9% |
| $200k+ Households | 10.6% | 12.5% | 13.2% |
The median household income in Sherman County is about 23% lower than in Texas. Income has been growing slower in Sherman County (1.9%/yr) than in Texas (4.6%/yr).
About 14% of adults in Sherman County earn six figures ($100,000 or more) a year, higher than the Texas average of 13%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Sherman County, Texas grew by 51.1% from 2009 to 2024, reaching $60,925 in 2024. That's an average of about 1.9% per year.
Income Inequality and the Gender Pay Gap in Sherman County
| Metric | Sherman County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.558 | 0.570 | 0.552 |
| Male Median Income | $47,127 | $66,147 | $69,667 |
| Female Median Income | $43,976 | $53,058 | $56,850 |
| Gender Pay Gap | 6.7% | 19.8% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Sherman County, it is 0.558, lower than Texas's 0.570, so income is more evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 7% more than women's income in Sherman County, Texas. Over a 35-year career, a 7% wage gap accumulates to roughly $110,285 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Sherman County, Texas has narrowed from about 30% to 7% in 2024. Over that period the gap was widest at 40% in 2010, and was narrowest at 1% in 2021. In dollar terms, the gap has narrowed by $6,731 since 2009.
Employment
| Metric | Sherman County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.9% | 5.2% | 5.2% |
| Working from Home | 4.4% | 14.4% | 15.0% |
| Commute time (minutes) | 10 | 22 | 22 |
Approximately 23 people are unemployed in Sherman County, Texas.
The average commute time in Sherman County is 10 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Sherman County, Texas has fallen from 7.0% to 1.9% in 2024. Over that period the rate peaked at 7.1% in 2013 and fell as low as 1.0% in 2016.
Sherman County, TX Wealth Compared With Nearby Counties
Sherman County, TX is the smallest of the 6 counties compared here, 2,295 residents against a local median of 20,184. The measure that sets Sherman County, TX apart most is income growth: 1.9%/yr, 53% below the local median of 4.1%/yr. That is the weaker end of the local range on this measure.
Unemployment tells the same story from another angle: 1.9% against a local median of 3.4%, 43% below it. The picture is mixed rather than uniform: unemployment runs ahead of the neighbourhood while income growth runs behind it, so Sherman County, TX is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread 5.5%/yr on income growth, so Sherman County, TX sits at one end of an already wide local range rather than apart from it. Sherman County, TX has the 6th highest income growth of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Sherman County, TX | 2,295 | $60,925 #5/6 | 1.9%/yr #6/6 | 1.9% #1/6 | 0.558 #3/6 |
| Moore County, TX | 21,373 | $62,549 | 2.7%/yr | 3.3% | 0.558 |
| Hansford County, TX | 5,119 | $70,655 | 7.6%/yr | 6.2% | 0.562 |
| Texas County, OK | 20,773 | $60,095 | 2.1%/yr | 3.4% | 0.519 |
| Hutchinson County, TX | 20,184 | $68,358 | 4.1%/yr | 3.6% | 0.572 |
| Dallam County, TX | 7,298 | $69,319 | 6.1%/yr | 2.3% | 0.492 |
Conclusion
Considering all these factors, Sherman County, Texas has an overall wealth index grade of C, making it about on par with Texas, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Sherman County, Texas.
How Rich Is Sherman County, Texas?
Sherman County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $60,925, about 23% lower than the Texas average of $78,939.
Are incomes growing in Sherman County, Texas?
Between 2009 and 2024, the median household income in Sherman County, Texas rose 51%, from $40,329 to $60,925. Over the same years, income here lagged behind Texas as a whole: +51% against +64%.
What was the median household income in Sherman County in 2023?
In 2023, the median household income in Sherman County, Texas was $74,768, up 9% from $68,499 in 2022. The Texas median that year was $76,528.
What was the median household income in Sherman County in 2020?
In 2020, the median household income in Sherman County, Texas was $56,412. By 2024 it had risen 8% to $60,925.
Is unemployment high in Sherman County, Texas?
Unemployment in Sherman County, Texas is only 1.9%, well below the Texas rate of 5.2%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Sherman County, Texas?
The Gini coefficient in Sherman County is 0.558. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Sherman County, Texas?
Since 2009, the income gap between men and women in Sherman County, Texas has narrowed from about 30% to 7% in 2024. Over that period the gap was widest at 40% in 2010, and was narrowest at 1% in 2021. In dollar terms, the gap has narrowed by $6,731 since 2009.
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