According to Seniorly’s 2023-2024 pricing data, families are paying an average of $3,470 per month for independent living communities in Sherman. The national average for independent living costs in 2023 was $5,671. Overall, independent living costs in Sherman are 39% lower than the national average.
The figures below show the average monthly starting costs for Independent Living of nearby cities. Keep in mind that these figures are an average, and that the numbers used to calculate it spanned a wide range. In fact, Seniorly data suggests that most families will underestimate their monthly budget by almost 20%, meaning that once inclusions and services are factored in, they can actually afford more than they originally thought.
Independent Living prices have fallen an average of 1.99% a year since last year. Below is the median cost each year and its percent decrease, according to our proprietary data. On average, independent living in Sherman, TX is $3,470/mo.
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Number of independent living communities in Sherman, TX
Number of independent living communities in Grayson County
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Seniorly Community Score
The Seniorly Community Score is a comprehensive and unbiased rating system that takes into account multiple factors crucial to senior living quality. We've meticulously analyzed thousands of senior living communities across the country to create an innovative and accurate assessment of each community's strengths and offerings. The Seniorly Community Score employs a user-friendly scale from 1 to 10, with 10 signifying an exceptional senior living community and 1 representing the lower end of quality, ensuring an easy-to-understand and transparent evaluation for families.
| Compare independent living cost to nearby cities | Average monthly cost |
|---|---|
| Sherman | $3,116 |
| Denison | $3,364 |
| Anna | $4,043 |
| Bonham | $3,456 |
| Durant | $3,372 |
| Prosper | $3,880 |
| Gainesville | $3,761 |
| Mc Kinney | $3,496 |
| Frisco | $3,536 |
| Allen | $4,313 |
| Denton | $3,776 |