Best Senior Communities near me in Sherman, Texas

Sherman, Texas, located in Grayson County, is a city situated approximately 70 miles north of Dallas and 31 miles southwest of Durant, Oklahoma. As of the 2020 census, it had a population of around 43,645 residents. Founded in 1846, Sherman serves as the county seat and is part of the Sherman-Denison metropolitan area. The city is strategically positioned at the crossroads of U.S. Highways 75 and 82, enhancing its accessibility and economic potential.

Sherman is renowned for its rich history and educational institutions, including Austin College, one of the oldest colleges in Texas. The city has evolved from a railroad hub to a center for manufacturing and technology, with significant employers like Texas Instruments establishing operations there. Additionally, Sherman is known for its vibrant community events and recreational opportunities, particularly around Lake Texoma, making it a desirable location for both residents and visitors alike.

Costs of Senior Communities in Sherman, TX

The costs of senior communities in Sherman, Texas, vary based on the type of care and services offered. On average, assisted living facilities charge approximately $4,433 per month, which is notably lower than the national average of $5,844. Independent living options typically range from $1,500 to $4,880 monthly. For those seeking more affordable alternatives, residential care homes may cost between $2,000 and $6,000 per month. Many facilities provide flexible month-to-month rental agreements without buy-in fees, enhancing accessibility for seniors. Overall, Sherman offers diverse senior living options that cater to various financial needs while ensuring quality care and services.

Average Income in Sherman, TX

Sherman, Texas, known for its growth and vibrant community, boasts an average household income of approximately $77,152 and a median household income of $58,020. This reflects a diverse economy supported by major employers like Texas Instruments and Tyson Foods. The city is experiencing a population increase, currently home to about 48,643 residents, with a poverty rate of 12.79%. Sherman offers a quality lifestyle with an average commute time of 25.7 minutes, numerous parks, and community events, making it an attractive place for families and individuals alike.

Ranking of Sherman among Top Cities in Texas

Sherman, Texas, is recognized among the top cities in the state, noted for its affordable cost of living and strong sense of community. Ranked 4th most livable city in Texas by BestPlaces, Sherman boasts a diverse population and good public schools, contributing to its appeal for families and retirees alike. The city has a rich history linked to agriculture and railroads, providing residents with numerous recreational opportunities in its parks and nearby lakes. Additionally, Sherman is one of the fastest-growing cities in the U.S., making it an attractive destination for newcomers seeking both charm and modern amenities.

Top Senior Facilities in Sherman, TX

Some of the top senior facilities in Sherman, TX include:

1. Brookdale Willows Sherman
2. Traditions Senior Living and Memory Care
3. Pecan Point Assisted Living & Memory Care

These facilities prioritize the well-being and comfort of their residents, offering various amenities, personalized care services, and engaging activities.