Sherwood, AR Cost Of Living
Cost Of Living In Sherwood, AR Summary
Cost of living in Sherwood research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Sherwood is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Arkansas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Sherwood is 93, with 100 being the average.
The cost of living index in Sherwood is 0.9x lower than the national average.
Sherwood ranks as the #60 cheapest in Arkansas out of 65.
Sherwood ranks as the #2,137 cheapest out of 6,412 in the US.
The median home value in Sherwood is $162,100.
The median income in Sherwood is $67,964.
Table Of Contents
Sherwood's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Sherwood, AR?
According to the most recent data on the cost of living, Sherwood has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to Arkansas, Sherwood has a cost of living index that's 1.0x higher than Arkansas's index of 90.
The standard of living in Sherwood ranks as #60 most affordable out of the 65 places we measured in Arkansas. By definition, that implies Sherwood ranks as the #5 most expensive place in the Natural State.
For more reading on life in Sherwood, check out:
- Living In Sherwood
- Sherwood Crime Report
- Search Homes For Sale In Sherwood, AR
In Arkansas
In America
Sherwood Cost Of Living Vs. Arkansas
Six factors go into calculating the cost of living index in Sherwood. Here is how it fairs on each of the criteria:
The Services index in Sherwood is 106.
The Groceries index in Sherwood is 94.
The Health index in Sherwood is 91.
The Housing index in Sherwood is 81.
The Transportation index in Sherwood is 92.
The Utilities index in Sherwood is 93.
| Living Expense | Sherwood | Arkansas | National Average | |
|---|---|---|---|---|
| Overall | 93 | 90 | 100 | |
| Services | 106 | 98 | 100 | |
| Groceries | 94 | 94 | 100 | |
| Health | 91 | 85 | 100 | |
| Housing | 81 | 76 | 100 | |
| Transportation | 92 | 90 | 100 | |
| Utilities | 93 | 95 | 100 | |
Sherwood, AR Housing Cost Breakdown
Housing swings affordability the most between places in Arkansas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Sherwood is $162,100.
The Median Rent in Sherwood is $889.
The Median Income in Sherwood is $67,964.
The Home Value To Income in Sherwood is 2.4x.
The Rent To Monthly Income in Sherwood is 0.16x.
| Statistic | Sherwood | Arkansas | United States |
|---|---|---|---|
| Median Home Value | $162,100 | $142,100 | $244,900 |
| Median Rent | $889 | $803 | $1,163 |
| Median Income | $67,964 | $52,123 | $69,021 |
| Home Value To Income | 2.4x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Sherwood, AR Costs By Category
Detailed Sherwood Services Costs Vs. Arkansas
Detailed Sherwood Groceries Costs Vs. Arkansas
Detailed Sherwood Health Costs Vs. Arkansas
Detailed Sherwood Transportation Costs Vs. Arkansas
Detailed Sherwood Utilities Costs Vs. Arkansas
Sherwood SnackAbility
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Cost Of Living In Cities Around Sherwood
The cost of living varies in the cities and towns around Sherwood. Here's a quick look at the cost of living in the most populous nearby places:
Little Rock, AR has a cost of living index of 96, 1.0x Sherwood.
North Little Rock, AR has a cost of living index of 91, 1.0x Sherwood.
Jacksonville, AR has a cost of living index of 90, 1.0x Sherwood.
| City | Population | Cost Of Living | Vs. Sherwood |
|---|---|---|---|
| Little Rock, AR | 201,893 | 96 | 1.0x |
| North Little Rock, AR | 64,444 | 91 | 1.0x |
| Jacksonville, AR | 29,385 | 90 | 1.0x |
| Cabot, AR | 26,411 | 90 | 1.0x |
| Maumelle, AR | 19,070 | 102 | 1.1x |
