In 2004 local politicians proposed the creation of Shenango Valley City, consisting of Sharpsville as well as Hermitage, Sharon, Farrell, and Wheatland with the issue being put on the ballot in the form of a referendum.[6] Then Governor of Pennsylvania, Ed Rendell voiced support for the measure and would be joined by Kathleen McGinty, Secretary of the Department of Environmental Protection, and Dennis Yablonsky, Secretary of the Department of Community and Economic Development with the trio touring the region to urge for voters to pass the motion.[6] The city would largely be an expansion of Hermitage, whose city government would be retained including the office of mayor and its nine-member city council.[6] The merger would have kept the various independent school districts intact.[6] The effort would ultimately be defeated, and via the ordinance the issue of merger could not be brought up again until 2009.[7]
According to the United States Census Bureau, the borough has a total area of 1.4 square miles (3.6 km2), of which 1.4 square miles (3.6 km2) is land and 0.04 square miles (0.10 km2) (1.42%) is water.
As of the census[10] of 2022, there were 3,930 people, 1,971 households and 804 families residing in the borough.
The population density was 2,825 inhabitants per square mile (1,091/km2). There were 2,016 housing units at an average density of 1,453.4 per square mile (561.2/km2).
The racial makeup of the borough was 97.53% White, 1.22% African American, 0.91% Asian, and 0.34% from two or more races. Hispanic or Latino of any race were 0.6% of the population.
There were 1,971 households, of which 40.8% were married couples living together; 14.9% had a female householder with no husband present, 4% had a male householder with no wife present, and 40.4% were non-families. The average household size was 2.11 and the average family size was 2.77.
Within the borough, the population was spread out, with 28.9% of residents who were under the age of 20, 24.8% from 21 to 40, 29.6% from 41 to 60, and 16.9% from 60 to 80+. The median age was 44.5 years, for males it is 42.5, and females 47.2. The sex ratio is 2,269 female at 54.4%, and male at 1,899 at 45.6%.
The median income for a household in the borough was $46,523, and the median income for a family was $65,000. Males had a median income of $41,900 compared with that of $31,439 for females.
Approximately 12.6% of the population were living below the poverty line, including 25% of those who were under the age of eighteen and 4% of those who were aged sixty-five or older.
