The area is a local hub for regional transportation, business, and shopping.The neighborhood is roughly bounded by Studio City to the east, Van Nuys to the north, Encino to the west, Bel Air and Beverly Hills Post Office to the south, with easy access to the aforementioned different parts of Los Angeles. Sherman oaks has a population of 52, 777. The average household income is a $75,398. Sherman Oaks is an affluent neighborhood, with several high-end fashion boutiques, and features many upscale houses and restaurants.