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EconPulse

Local economy signal dashboard

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PLACEStable

Sherman, MS

Stable overall. Federal Funds is the clearest support signal, while population needs the most attention. Housing reads as affordable for a median-income household.

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Overall score48out of 100
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64
33
0
69
84

Population

545

Data freshness

Unknown

GDP / Output

+3.6% YoY

64

$1.3B

Output changed +3.6% in 2024.

Vintage date unknown

State growth4.4%
U.S. growth5.3%

Jobs

Unemployment rate

33

6.2%

Unemployment is 6.2% for Latest available.

Vintage date unknown

State avg5.8%
U.S. avg5.2%

Population

-11.5% 5-year

0

545

Population moved -11.5% over the latest ACS window.

Vintage date unknown

State population2,946,779
U.S. population334,922,499

Housing

Rent share of income

69

22.5%

Median rent consumes 22.5% of median household income: Affordable.

Vintage date unknown

State rent$954
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$6.2K per resident

84

$192.3M

$192.3M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$38.5B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$192.3M

$6.2K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$160.4M
2. Department of Veterans Affairs$14.4M
3. Department of Transportation$10.5M

Top recipients

Dollars
1. MISSISSIPPI DEPARTMENT OF TRANSPORTATION$9.3M
2. REDACTED DUE TO PII$4.0M
3. CITY OF NEW ALBANY$531.0K

Affordable

Housing Affordability

22.5%

of median income

1BR estimate$805
2BR estimate$1,061
Median income$52,404
Median home value$158,900

ACS context

Quick Facts

Population

545

Median age

34.5

Bachelor's degree+

14.2%

Poverty rate

22.8%

Labor force participation

65.7%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

-2.4%

GDP CAGR

+5.2%

Federal flow

5 years

Population (5 years)
2020616
2021602
2022646
2023515
2024545
GDP (5 years)
2020$998.0M
2021$1.1B
2022$1.2B
2023$1.2B
2024$1.3B

2-year linear forecast

Predictive Outlook

Population forecast

2024545
2025516 *
2026493 *

R² = 45.7% · * projected

GDP forecast

2024$1.3B
2025$1.4B *
2026$1.4B *

R² = 92.1% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$52,404/yr
Median rent$982/mo
Rent share of income22.5%
Est. mortgage (30yr, 6.5%)$9,642/yr
Mortgage share of income18.4%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate6.2%
State avg5.8%
U.S. avg5.2%
Labor force participation65.7%
Poverty rate22.8%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$158,900
Median monthly rent$982
Price-to-rent ratio13.5x

Low price-to-rent ratio — buying may be more favorable than renting in this market.

composite score

Investment Climate

Investment climateModerate
Composite score39/100
Economic growth64/100
Labor market33/100
Population momentum0/100
Overall stability48/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Sherman town, Mississippi

City/Town

Part of

Mississippi

Nearby locations

Blue Springs, MSSaltillo, MSTupelo, MSEcru, MSGuntown, MS