Skip to main content

Sherman, Mississippi Demographics & Population 2026

During the 2020–2024 ACS period, Sherman, Mississippi had a total population of 545, the 255th largest town in Mississippi, with a median household income of $52,404, which is 7% lower than the state average. The poverty rate is 22.8%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Sherman Quick Facts

Population 545
Median Household Income $52,404
Median Home Value $158,900
Poverty Rate 22.8%
Unemployment Rate 6.2%
Median Age 34.5 years
Homeownership Rate 58.1%
Affordability Ratio 3.0x
Bachelor's Degree or Higher 14.2%
High School Graduation Rate 92.3%
Diversity Index 29/100
Population 545 255th of 420
Median Income $52,404 above average
Poverty Rate 22.8% 83% higher than national
Median Home Value $158,900 top 30%

How Sherman Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population515545+5.8%
Median household income$57,969$52,404-9.6%
Median home value$151,900$158,900+4.6%

How Sherman Compares

Economy & Housing

Household Income Distribution

Under $25K 15.3%
$25K-$50K 28.6%
$50K-$100K 35.0%
$100K+ 21.2%
Detailed income brackets
Under $10K
8.4%
$10K-$15K
2.5%
$15K-$20K
0.0%
$20K-$25K
4.4%
$25K-$30K
3.0%
$30K-$35K
3.0%
$35K-$40K
5.9%
$40K-$45K
5.9%
$45K-$50K
10.8%
$50K-$60K
8.4%
$60K-$75K
14.3%
$75K-$100K
12.3%
$100K-$125K
5.9%
$125K-$150K
7.9%
$150K-$200K
3.0%
$200K+
4.4%

Employment

6.2% Unemployment Rate State: 5.8%|National: 5.2%
65.7% Labor Force Participation

Housing Overview

Owner 58.1%
Renter 41.9%
Affordability Index Affordable
3.0x home value to income ratio
Median gross rent $982/mo 22.5% of median household income annually

People & Demographics

Diversity Index

29out of 100
Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 56 | National average: 61

Education

Sherman Rankings in Mississippi

#255 Population of 420
#141 Median Income of 349
#257 Education of 419
#106 Home Value of 354

Other Cities in Lee County

CityPopulationMedian IncomePovertyHome Value
Tupelo 37,791 $66,257 15.1% $212,800
Saltillo 4,952 $80,640 6.8% $204,900
Baldwyn 3,138 $43,841 21.8% $98,600
Verona 2,748 $46,148 21.9% $118,300
Guntown 2,594 $95,625 9.8% $210,600
Mooreville 2,154 $118,333 10.8% $177,900
Nettleton 1,853 $41,842 20.8% $119,900
Shannon 1,383 $42,297 24.1% $130,900
Plantersville 929 $25,662 44.5% $125,000

Cities Similar to Sherman

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Shubuta553$55,000$85,7006.2%4.9%
Wheeler524N/A$184,00033.5%0.0%
Meadville535$56,472$88,00010.0%11.1%
Benoit509N/A$83,10011.7%38.3%
Lakeview596N/AN/A13.8%10.1%

A note before these figures: with a population of 545, Sherman's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.

Population Overview

Sherman is a small community located in Mississippi, within Lee County. The total population is 545. It ranks as the 255th most populous out of 420 Census-designated places in Mississippi.

Age Demographics

The median age in Sherman is 34.5 years. This is 11% lower than the state median of 38.6 years. 12.5% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Sherman is $52,404. This is 7% lower than the state median of $56,447. It is also 35% lower than the national median of $80,734. The poverty rate stands at 22.8%. This is 20% higher than the state poverty rate of 18.9%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 6.2%. This is 7% higher than the state rate of 5.8%. The median home value is $158,900. Housing costs are 6% lower than the state median of $169,800. The home-value-to-income ratio is 3.0x. 58.1% of occupied housing units are owner-occupied. This homeownership rate is 17% lower than the state average of 70.0%.

Race & Ethnicity

The largest racial or ethnic group in Sherman is White (non-Hispanic), making up 83.3% of the population. Black or African American residents account for 12.3%. The White (non-Hispanic) population is significantly higher than the state average (83.3% vs 55.2%). The Black or African American population (12.3%) is well below the state average of 36.3%. The Hispanic or Latino population (0.7%) is well below the state average of 3.7%.

Education

14.2% of residents aged 25 and older hold a bachelor's degree or higher. This is 43% lower than the state rate of 25.1%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 92.3%.

Data Sources & Methodology

All demographic data for Sherman, Mississippi is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Mississippi state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 420 Census-designated places in Mississippi. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

Free data download: Get all Mississippi city and county demographics as CSV. Download Cities CSV | Download Counties CSV

Frequently Asked Questions

What is the population of Sherman, Mississippi?

Sherman, Mississippi has a population of 545 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Sherman, MS?

The median household income in Sherman is $52,404, which is 35% lower than the national median of $80,734.

What is the poverty rate in Sherman, MS?

The poverty rate in Sherman is 22.8%. This means approximately 124 residents live below the federal poverty line.

What is the racial makeup of Sherman, Mississippi?

Sherman's population is 83.3% White, 12.3% Black, 0.7% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Sherman, MS?

The median home value in Sherman is $158,900. The home-value-to-income ratio is 3.0x.

How educated is Sherman, Mississippi?

14.2% of adults (25+) in Sherman hold a bachelor's degree or higher, and 4.4% hold a graduate or professional degree.