Sherman village, Illinois Demographics & Population 2026

Population Overview

Sherman village is a small community located in Illinois. The total population is 4,211. It ranks as the 365th most populous out of 1,445 cities and towns in Illinois.

Age Demographics

The median age in Sherman village is 44.4 years. This is 14% higher than the state median of 38.9 years.

Economy, Income & Housing

The median household income in Sherman village is $147,025. This is 80% higher than the state median of $81,702. Compared to the national median of $78,538, household income here is 87% higher. The poverty rate stands at 0.4%. This is 97% lower than the state poverty rate of 11.7%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 2.9%. This is 49% lower than the state rate of 5.8%. The median home value is $291,300. Housing costs are 16% higher than the state median of $250,500. With a home-value-to-income ratio of just 2.0x, Sherman village is one of the most affordable housing markets in the area. 89.9% of occupied housing units are owner-occupied. This homeownership rate is 35% higher than the state average of 66.8%.

Race & Ethnicity

Sherman village has a predominantly White (non-Hispanic) population, comprising 91.7% of all residents. Black or African American residents account for 6.8%. The White (non-Hispanic) population is significantly higher than the state average (91.7% vs 58.8%). The Hispanic or Latino population (0.7%) is well below the state average of 18.5%.

Education

47.7% of residents aged 25 and older hold a bachelor's degree or higher. This places Sherman village in the top 10% of all cities in the state for educational attainment. This is 28% higher than the state rate of 37.2%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 98.0%. Notably, 20.1% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Sherman village, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Illinois state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,445 Census-designated places in Illinois. For official data, visit data.census.gov.