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Sherman, South Dakota

town · Minnehaha County

At a glance

65
Population
$90,000
Median home value (all homes)
70% below U.S. median
$330,456
Typical market value
Zillow, county-wide, 2026-07
$1,375/mo
Median rent
2% above U.S. median
$72,500
Median household income
8% below U.S. median
32.3 min
Average commute
75%
Homes with broadband
100%
Locations with fiber available
0%
Unemployment

Cost of living (Clay Affordability Index)

CAI 76 — 24% below the national average. how it's computed

Housing53% below
Goods & services6% below
Utilities14% above
Taxes68% below
Insurance12% below
Commute cost16% above
For business: South Dakota is CBII band 2/5 · time to build band 1/5. See state page for the breakdown.

Living here

Nearest 4-year college20 mi
Nearest community college20 mi
Nearest technical college19 mi
High school graduates75%
College graduates1.9%

Doing business here

Economic development contacts, most local first:

state South Dakota Rural Enterprise
Dakota Resources is an intermediary serving rural economic development organizations (EDOs), providing flexible financing, leadership coaching, collaborative networks, and real-time resources to strengthen EDOs and rural communities.
state South Dakota's Governor's Office of Eco Dev
GOED provides financing, research, networking, and other resources to help new and existing businesses flourish in South Dakota.
State sales taxYes
State income taxNone
Right-to-work stateYes

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