Cost of Living in Sherwood, TN
Housing
The housing market plays a significant role in determining the cost of living in Sherwood, TN.
- Housing Index: Data is updating
- Median Home Price is: $175,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Analyzing the data for Sherwood, TN, the housing market reflects a 0.0 index of 0.0, suggesting either a lack of housing stock or potential issues in the market. The median home price is noted at 175000, which might indicate an affordable entry point for buyers; however, with average rents for a 2-bedroom apartment and house also at 0.0, there may be scarcity in rental options. It’s crucial to consider local amenities, job market, and long-term growth potential before making a decision. Further research is advisable to fully understand the local economic landscape.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Sherwood, TN.
- Electricity Price: $12.57 USD (median by state)
- Natural Gas Price: $12.35 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Sherwood, TN could entail higher utility costs. Electricity costs sit at $12.57, while natural gas is priced at $12.35 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Sherwood is a financially viable option for your relocation.