Cost of Living: Albany, OR vs Sherwood, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Albany | Sherwood |
|---|---|---|
| Housing Index | 98.0 | 85.0 |
| Median Home Price | $315,000 | $247,000 |
| Average Rent (2 BR Apartment) | $1400 | $1000 |
| Average Rent (2 BR House) | $1440 | $1028 |
Housing Comparison: Albany vs Sherwood
- In Albany, the median home price is higher at $315,000, while in Sherwood it is $247,000.
- Renting a two-bedroom apartment costs more in Albany at $1,400 than in Sherwood at $1,000.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Albany | Sherwood |
|---|---|---|
| Electricity Price | $15.12 | $12.36 |
| Natural Gas Price | $16.5 | $17.08 |
| Other Utilities | $250 | $260 |
Utilities Comparison: Albany vs Sherwood
- Electricity costs are higher in Albany at $15.12 per kWh, compared to $12.36 in Sherwood.
- Sherwood experiences higher natural gas costs at $17.08 per unit, with costs at $16.5 in Albany.
- Sherwood has higher utility expenses, averaging $260, while Albany averages $250.