Midland, TX vs Sherman, TX: cost of living compared
Price levels from BEA (2024); rent and home values from Zillow (September 2026).
The short answer
- Overall, Sherman, TX is 2.1% less expensive than Midland, TX (BEA, 2024).
- To keep the same standard of living, $75,000 in Midland works out to about $73,400 in Sherman, before taxes.
- Most of the difference is housing, which costs 11.9% less in Sherman. Goods are 0.0% higher and other services 0.0% higher.
- Typical asking rent is $1,358 a month in Sherman and $1,571 in Midland, $2,556 a year less in Sherman (Zillow, September 2026).
- A typical home is valued at about $280,000 in Sherman and $328,000 in Midland.
- The gap has narrowed since 2019, when Sherman was 8.1% less expensive than Midland.
derived Calculated from BEA Regional Price Parities (2024) and Zillow data. Based on an average household's spending; taxes not included. How we calculate.
Category by category
Both cities against the US average (100). The gap in each row is what matters for a move.
Housing drives the gap: 11.9% lower in Sherman than in Midland
Price level by category, 2024. US average = 100.
- Midland, TX
- Sherman, TX
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Midland, TX | Sherman, TX | |
|---|---|---|
| All items | 95.8 | 93.8 |
| Goods | 93.8 | 93.8 |
| Housing (rents) | 101.5 | 89.5 |
| Utilities | 83.2 | 83.3 |
| Other services | 96.2 | 96.2 |
| Category | Midland | Sherman | Sherman vs Midland |
|---|---|---|---|
| All items | 95.8 | 93.8 | −2.1% |
| Goods | 93.8 | 93.8 | 0.0% |
| Housing (rents) | 101.5 | 89.5 | −11.9% |
| Utilities | 83.2 | 83.3 | +0.1% |
| Other services | 96.2 | 96.2 | 0.0% |
| Typical asking rent | $1,571 | $1,358 | −13.6% |
| Typical home value | $328,000 | $280,000 | −14.5% |
| Salary to match $75,000 in Midland | $75,000 | $73,400 | −2.1% |
Index values: BEA, 2024, US = 100. Rent and home values: Data Provided by Zillow Group, September 2026.
How the gap has changed since 2008
The price gap between Midland and Sherman has narrowed since 2008: 5.1 points then, 2.0 now
Overall price level each year, 2008–2024. US average = 100.
- Midland, TX
- Sherman, TX
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Midland, TX | Sherman, TX | |
|---|---|---|
| 2008 | 96.5 | 91.4 |
| 2009 | 96.2 | 91.8 |
| 2010 | 98.6 | 94.9 |
| 2011 | 101.1 | 93.3 |
| 2012 | 100.3 | 94.2 |
| 2013 | 101.5 | 93.4 |
| 2014 | 103.2 | 94.3 |
| 2015 | 104.3 | 93.3 |
| 2016 | 102.6 | 95.4 |
| 2017 | 100.6 | 95.3 |
| 2018 | 99.8 | 92.6 |
| 2019 | 100.5 | 92.4 |
| 2020 | 95.8 | 92.4 |
| 2021 | 97.7 | 92.8 |
| 2022 | 95.9 | 92.5 |
| 2023 | 95.4 | 92.4 |
| 2024 | 95.8 | 93.8 |
Goods
- Midland, TX
- Sherman, TX
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Midland, TX | Sherman, TX | |
|---|---|---|
| 2008 | 97.0 | 97.1 |
| 2009 | 95.1 | 95.2 |
| 2010 | 96.6 | 96.6 |
| 2011 | 96.8 | 96.9 |
| 2012 | 97.2 | 97.3 |
| 2013 | 97.2 | 97.3 |
| 2014 | 97.5 | 97.6 |
| 2015 | 96.9 | 97.0 |
| 2016 | 97.1 | 97.2 |
| 2017 | 97.0 | 97.1 |
| 2018 | 94.4 | 94.4 |
| 2019 | 96.2 | 96.2 |
| 2020 | 96.2 | 96.2 |
| 2021 | 96.2 | 96.2 |
| 2022 | 93.7 | 93.7 |
| 2023 | 92.9 | 92.9 |
| 2024 | 93.8 | 93.8 |
Housing (rents)
- Midland, TX
- Sherman, TX
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Midland, TX | Sherman, TX | |
|---|---|---|
| 2008 | 88.6 | 64.6 |
| 2009 | 93.7 | 70.8 |
| 2010 | 100.5 | 79.5 |
| 2011 | 117.4 | 70.1 |
| 2012 | 111.7 | 73.2 |
| 2013 | 122.5 | 72.1 |
| 2014 | 139.3 | 73.2 |
| 2015 | 144.9 | 69.6 |
| 2016 | 123.8 | 78.4 |
| 2017 | 115.6 | 79.7 |
| 2018 | 129.3 | 78.3 |
| 2019 | 130.2 | 75.1 |
| 2020 | 85.7 | 69.9 |
| 2021 | 103.0 | 74.1 |
| 2022 | 101.2 | 79.7 |
| 2023 | 101.9 | 83.0 |
| 2024 | 101.5 | 89.5 |
Utilities
- Midland, TX
- Sherman, TX
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Midland, TX | Sherman, TX | |
|---|---|---|
| 2008 | 99.3 | 99.5 |
| 2009 | 94.2 | 94.9 |
| 2010 | 94.8 | 95.5 |
| 2011 | 90.2 | 90.4 |
| 2012 | 88.9 | 88.7 |
| 2013 | 89.9 | 90.2 |
| 2014 | 93.4 | 93.4 |
| 2015 | 91.1 | 90.9 |
| 2016 | 87.3 | 87.1 |
| 2017 | 83.6 | 83.2 |
| 2018 | 84.3 | 84.4 |
| 2019 | 85.8 | 86.0 |
| 2020 | 85.8 | 86.2 |
| 2021 | 86.3 | 86.2 |
| 2022 | 87.4 | 87.7 |
| 2023 | 89.5 | 89.2 |
| 2024 | 83.2 | 83.3 |
Other services
- Midland, TX
- Sherman, TX
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Midland, TX | Sherman, TX | |
|---|---|---|
| 2008 | 98.4 | 98.5 |
| 2009 | 98.0 | 98.1 |
| 2010 | 99.8 | 100.0 |
| 2011 | 100.7 | 100.8 |
| 2012 | 100.6 | 100.7 |
| 2013 | 100.3 | 100.3 |
| 2014 | 100.2 | 100.3 |
| 2015 | 100.9 | 101.0 |
| 2016 | 102.2 | 102.3 |
| 2017 | 100.3 | 100.5 |
| 2018 | 97.7 | 97.7 |
| 2019 | 96.9 | 96.9 |
| 2020 | 99.3 | 99.3 |
| 2021 | 98.1 | 98.1 |
| 2022 | 96.7 | 96.7 |
| 2023 | 95.8 | 95.8 |
| 2024 | 96.2 | 96.2 |
Rent and home values
Typical asking rent: $1,358 in Sherman vs $1,571 in Midland
Typical asking rent for a new lease, dollars per month. Quarterly.
- Midland, TX
- Sherman, TX
- United States
Source: Zillow Observed Rent Index (typical asking rent, all homes, smoothed), through September 2026. Data Provided by Zillow Group.
Show the numbers
| Midland, TX | Sherman, TX | United States | |
|---|---|---|---|
| Mar 2015 | – | – | $1,145 |
| Jun 2015 | – | – | $1,170 |
| Sep 2015 | – | – | $1,181 |
| Dec 2015 | – | – | $1,182 |
| Mar 2016 | – | – | $1,195 |
| Jun 2016 | $1,105 | – | $1,219 |
| Sep 2016 | $1,078 | – | $1,225 |
| Dec 2016 | $1,048 | – | $1,222 |
| Mar 2017 | $1,107 | – | $1,245 |
| Jun 2017 | $1,234 | – | $1,270 |
| Sep 2017 | $1,278 | – | $1,276 |
| Dec 2017 | $1,304 | – | $1,275 |
| Mar 2018 | $1,339 | – | $1,296 |
| Jun 2018 | $1,494 | – | $1,320 |
| Sep 2018 | $1,571 | – | $1,327 |
| Dec 2018 | $1,496 | – | $1,329 |
| Mar 2019 | $1,567 | $1,035 | $1,349 |
| Jun 2019 | $1,529 | $1,066 | $1,376 |
| Sep 2019 | $1,528 | $1,053 | $1,383 |
| Dec 2019 | $1,445 | $1,054 | $1,381 |
| Mar 2020 | $1,464 | $1,051 | $1,402 |
| Jun 2020 | $1,256 | $1,087 | $1,406 |
| Sep 2020 | $1,165 | $1,107 | $1,410 |
| Dec 2020 | $1,123 | $1,119 | $1,407 |
| Mar 2021 | $1,154 | $1,167 | $1,443 |
| Jun 2021 | $1,178 | $1,205 | $1,512 |
| Sep 2021 | $1,188 | $1,218 | $1,590 |
| Dec 2021 | $1,151 | $1,250 | $1,622 |
| Mar 2022 | $1,185 | $1,298 | $1,661 |
| Jun 2022 | $1,290 | $1,316 | $1,721 |
| Sep 2022 | $1,351 | $1,362 | $1,748 |
| Dec 2022 | $1,369 | $1,356 | $1,735 |
| Mar 2023 | $1,398 | $1,343 | $1,757 |
| Jun 2023 | $1,464 | $1,371 | $1,785 |
| Sep 2023 | $1,520 | $1,398 | $1,797 |
| Dec 2023 | $1,480 | $1,391 | $1,786 |
| Mar 2024 | $1,512 | $1,399 | $1,807 |
| Jun 2024 | $1,568 | $1,406 | $1,837 |
| Sep 2024 | $1,561 | $1,396 | $1,845 |
| Dec 2024 | $1,556 | $1,432 | $1,836 |
| Mar 2025 | $1,554 | $1,416 | $1,860 |
| Jun 2025 | $1,636 | $1,425 | $1,880 |
| Sep 2025 | $1,596 | $1,383 | $1,881 |
| Dec 2025 | $1,567 | $1,385 | $1,873 |
| Mar 2026 | $1,584 | $1,396 | $1,894 |
| Jun 2026 | $1,576 | $1,341 | $1,921 |
| Sep 2026 | $1,571 | $1,358 | $1,932 |
Typical home value: $280,000 in Sherman vs $328,000 in Midland
Typical home value, dollars. Quarterly.
- Midland, TX
- Sherman, TX
- United States
Source: Zillow Home Value Index (typical home value, middle tier, smoothed, seasonally adjusted), through September 2026. Data Provided by Zillow Group.
Show the numbers
| Midland, TX | Sherman, TX | United States | |
|---|---|---|---|
| Mar 2015 | $232K | $131K | $189K |
| Jun 2015 | $232K | $136K | $192K |
| Sep 2015 | $228K | $140K | $195K |
| Dec 2015 | $226K | $143K | $199K |
| Mar 2016 | $225K | $145K | $202K |
| Jun 2016 | $221K | $148K | $204K |
| Sep 2016 | $218K | $153K | $206K |
| Dec 2016 | $217K | $158K | $209K |
| Mar 2017 | $217K | $162K | $213K |
| Jun 2017 | $219K | $166K | $216K |
| Sep 2017 | $223K | $171K | $219K |
| Dec 2017 | $227K | $177K | $223K |
| Mar 2018 | $231K | $182K | $227K |
| Jun 2018 | $240K | $188K | $230K |
| Sep 2018 | $250K | $192K | $234K |
| Dec 2018 | $261K | $193K | $236K |
| Mar 2019 | $269K | $197K | $239K |
| Jun 2019 | $276K | $198K | $242K |
| Sep 2019 | $282K | $199K | $244K |
| Dec 2019 | $288K | $203K | $247K |
| Mar 2020 | $291K | $207K | $252K |
| Jun 2020 | $290K | $209K | $255K |
| Sep 2020 | $288K | $213K | $260K |
| Dec 2020 | $287K | $221K | $271K |
| Mar 2021 | $287K | $233K | $282K |
| Jun 2021 | $285K | $247K | $296K |
| Sep 2021 | $282K | $258K | $306K |
| Dec 2021 | $286K | $266K | $314K |
| Mar 2022 | $289K | $284K | $330K |
| Jun 2022 | $293K | $299K | $346K |
| Sep 2022 | $292K | $301K | $348K |
| Dec 2022 | $290K | $299K | $345K |
| Mar 2023 | $288K | $300K | $343K |
| Jun 2023 | $293K | $301K | $347K |
| Sep 2023 | $298K | $301K | $352K |
| Dec 2023 | $300K | $299K | $354K |
| Mar 2024 | $305K | $304K | $357K |
| Jun 2024 | $309K | $307K | $361K |
| Sep 2024 | $310K | $304K | $361K |
| Dec 2024 | $314K | $304K | $363K |
| Mar 2025 | $321K | $306K | $364K |
| Jun 2025 | $323K | $301K | $362K |
| Sep 2025 | $323K | $294K | $362K |
| Dec 2025 | $325K | $292K | $364K |
| Mar 2026 | $329K | $292K | $366K |
| Jun 2026 | $328K | $286K | $365K |
| Sep 2026 | $328K | $280K | $366K |
More about each city
What this comparison leaves out
- Taxes. State and local income, sales and property taxes can change the result a lot, especially between states.
- Neighborhoods. These are metro-wide averages; a city center and its outer suburbs can differ by more than two metros do.
- Your own spending mix. The default uses an average household. Use the housing slider above if rent is a bigger share of your budget.
- Timing. BEA price levels are for 2024; Zillow figures are monthly and newer.